Friday, June 21, 2013

SBI needs capital up to Rs 3,000 crore for associate's merger

State Bank of India today said it will require up to Rs 3,000 crore capital to merge one of its associate banks. 

SBI will need Rs 1,000-3,000 crore in capital if it were to merge one of its subsidiaries with itself, Pratip Chaudhuri said. 

He was speaking to shareholders at the bank's annual general meeting here.

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