Epic Update : State Bank of India

State Bank of India (SBI), ruling out the possibility of coming out with a rights issue, is planning to raise about Rs 3,000 crore through preference shares in the next 3 months. This move is a part of the capital infusion plan for the Public Sector Banks (PSBs) for 2012-13. The Finance Ministry has recently given nod to allocation of Rs 12,000 crore for various public sector banks including SBI.

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