According to Mr. O.P. Bhatt, Chairman, State Bank of India, the bank needs a capital infusion of Rs.100 billion ($2.2 billiion) in 2010. He also said the bank would add the proceeds from its stake sale in UTI Asset Management Co. in the March quarter.
Source: http://economictimes.indiatimes.com/news/news-by-industry/banking/finance/finance/State-Bank-needs-22-bn-infusion-in-2010/articleshow/5499453.cms
STATE BANK NEEDS $2.2 BN INFUSION IN 2010
Labels: BANKING N FINANCE
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