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.
