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SBI seeks finmin nod to raise 20,000 crore

17 Sep 2010 Evaluate

The State Bank of India has sought the finance ministry’s nod to raise 20,000 crore from the market. The amount would enable the bank to fuel its business plans, particularly in the face of rising competition from private and overseas rivals with deep pockets. Earlier this month, the bank planned to raise 20,000 crore through a rights issue.

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Peers
Company Name CMP
State Bank Of India 948.55
PNB 113.30
Bank Of Baroda 233.75
Canara Bank 118.50
Union Bank Of India 172.10
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