No proposal of State Bank of India to raise funds through public offer is pending and the government is committed to keep public sector banks adequately capitalised, Minister of State for Finance Namo Narain Meena said on Wednesday.
“At present, there is no proposal pending with the Government to mobilise money by SBI by issue of shares,” Minister of State for Finance Namo Narain Meena said in a written reply in Lok Sabha.
He also said the Centre is fully committed to keep PSBs, including SBI adequately capitalised.
The government had infused Rs 7,900 crore in SBI to increase the Tier I capital of the bank in March 2012.
The minister said that the bank’s Capital Adequacy Ratio (minimum capital requirement norm) is well above the norms stipulated by the Reserve Bank of India (RBI).