Government plans to infuse Rs3.5 lakh crore in public sector banks over the next 10 years. It said that capital infusion in public sector banks including State Bank of India would be done by the end of the current fiscal.
The requirement under different scenarios for all public sector banks is between Rs10,000 crore to Rs20,000 crore and the same is expected to be met by the end of March 2012. The finance ministry said that Rs3,500-Rs4,500 crore would be infused in SBI to meet capital adequacy norms but the rights issue is ruled out in FY12.