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SBI to raise Rs 15,000 cr equity capital next fiscal

SBI to raise Rs 15,000 cr equity capital next fiscal

Thursday, March 16, 2017, 12:21 PM

State Bank of India (SBI) on Wednesday said its board has approved a proposal that would allow the bank to raise equity capital of up to Rs 15,000 crore in FY18. In January 2014, SBI had raised Rs 8,032 crore with Life Insurance Corporation of India picking up a big chunk of around 41% of the total shares sold.
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