Government plans to infuse Rs.40bn in the countrys largest bank SBI, said the reports.
Earlier Finance Minster P. Chidambaram declared in November that the government would decide how much additional capital isrequired after determining that most of state run banks need funds
India Infoline Research Team / 08:49, Aug 21, 2014
The outlook is a flat open. Global indices are up. The minutes from the Federal Reserve's July meeting indicate that the Fed is in no hurry to raise interest rates. The Dow added 0.35% while S&P was up 0.25%. Nasdaq ended marginally lower. Asian indices are mixed with Nikkei up almost a percent while Hong Kong's Hang Seng index is lower. South Korea's Kospi index and China's Shanghai index are also in the red.