State Bank of India (SBI), the country's biggest lender, is not looking at raising more funds, its chairman told Reuters a day after the state-run bank received approval for capital infusion of up to $1.6 billion.
"The capital that we are getting right now from the government is good enough. We have been categorically told that it will come by March 31," SBI Chairman Pratip Chaudhuri said.
SBI received the Finance Ministry's approval for a capital infusion of Rs 6,000-8,000 crore.
