On 19 January 2017
State Bank of India announced that the shareholders of the Bank at its general meeting held on 20 December 2016 had inter alia passed a resolution for issue of equity shares to Government of India by way of preferential issue.In continuation of this, the Bank has received approval from the Government of India on 19 January 2017, to increase the paid up capital by way of preferential issue of equity share to GoI.
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