State Bank Of India

State Bank of India (SBI), the nation’s biggest lender, which is now in control of bad loan situation, reportedly is not planning to raise money for next four months. However, the bank has kept options like right issues, FPO, QIP open for supporting its fund-raising plans.

Earlier, it was reported that bank’s general insurance arm, general insurance arm, was planning to raise Rs 350 crore from its shareholders to finance its expansion plans in FY15. Moreover, the company is targeting 90% growth in premium to over Rs 2,000 crore