Don't need govt funds for 2yrs after â¹15k cr share sale: SBI
SBI has said it will not require any capital infusion by the government for next two years, after raising â¹15,000 crore through a qualified institutional placement. â[W]e are quite comfortable on the capital front till next year," Chairperson Arundhati Bhattacharya said. Notably, this is India's largest institutional share sale through which SBI seeks to protect balance sheet from bad loans.