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SBI not looking at any recapitalization from govt

28 Aug 2019 Evaluate

State Bank of India (SBI) is not looking at any recapitalization. As per the bank, it is well-capitalised and that it may not require any fresh funds from the government this financial year.

On August 23, 2019, Finance Minister Nirmala Sitharaman had announced an immediate infusion of Rs 70,000 crore into state-run banks to boost liquidity and their lending capacity by Rs 5 lakh crore.

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.

Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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