Associate banks need Rs 3200 crore in capital: SBI
SBI's five associate banks will need Rs 3200 crore in additional capital this year, says S Vishvanathan, MD in charge of subsidiaries and associates at SBI. He explains that the capital will be largely needed to support growth and maintain Tier-1 ratio above 9 per cent. Mr Vishvanathan adds that while SBI may look at merger of associates, this will only be done after the capitalisation is complete.
