Bloomberg News

India to Inject Capital Into State Banks This Year, Mittal Says

October 27, 2011

Oct. 27 (Bloomberg) -- India’s government will inject capital into state-owned banks including State Bank of India, Bank of Baroda, Union Bank of India and Indian Overseas Bank to ensure the lenders have 8 percent tier-I capital by March, Banking Secretary D. K. Mittal said in New Delhi today.

To contact the reporter on this story: Anto Antony in New Delhi at aantony1@bloomberg.net

To contact the editor responsible for this story: Anil Varma at avarma3@bloomberg.net


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