State Bank of India (SBI) is planning to raise equity capital by way of preferential allotment of equity shares to Government of India (GoI) to the tune of Rs 8,800 crore, subject to necessary approvals/permissions from RBI, GoI, SEBI and/or any other regulatory authority. The Central Board of the Bank at its meeting scheduled to be held on February 9, 2018 will consider for the same.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.
