SBI public offer likely next fiscal

State Bank of India will raise fresh capital through a public offer next fiscal after SBI amendment bill is approved by the Parliament, SBI Chairman O P Bhatt said on Thursday.

By PTI | Dec 07, 2006, 11.40 AM IST

NEW DELHI: State Bank of India will raise fresh capital through a public offer next fiscal after SBI amendment bill is approved by the Parliament, SBI Chairman O P Bhatt said on Thursday.

"In the meantime, the bank will raise around Rs 2,000 crore of tier II capital by March," Bhatt said here.

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