Monday, 31 October 2016

SBI will allot shares to government for capital infusion

Country’s largest lender SBI today said it will issue equity shares on preferential basis to the government for capital infusion of Rs 5,681 crore.
Pursuant to the in-principle approval from government, the central board of directors of the bank today decided to offer and issue shares to the government, SBI said in a BSE filing.

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