|Chennai||Rs. 24470.00 (1.37%)|
|Mumbai||Rs. 24900.00 (0.97%)|
|Delhi||Rs. 24200.00 (1.26%)|
|Kolkata||Rs. 24160.00 (0%)|
|Kerala||Rs. 24000.00 (0.63%)|
|Bangalore||Rs. 23800.00 (0%)|
|Hyderabad||Rs. 24140.00 (1.17%)|
The State Bank of India (SBI) board has approved a capital infusion of Rs 3,004 crore by the government through preferential allotment of shares. The infusion would help the bank shore up its tier-I capital. As of September-end, the bank's capital adequacy ratio was 12.63 per cent, including tier-I capital of 8.97 per cent.
The government's equity infusion is part of enhancing the bank's capital base under Basel-III norms, effective April 1. On January 10, the government had cleared first tranche of the Rs 12,517-crore capital an infusion into public sector banks. The Cabinet had approved infusion of Rs 3,004 crore for SBI.
Yesterday, the SBI stock closed at Rs 2,491.20 on the BSE, a rise of 0.93 per cent over the previous close.