Government as part of the recaptalisation plan, infused capital in State Bank of India recently. Indicate the approximate capital infusion.

Options

A. Rs 500 cr.
B. Rs 1000 cr.
C. Rs 1,500 cr.
D. Rs 3000 cr.

Answer

D

Explanation

State Bank of India, the country's largest lender, received Rs. 3,004 crore from the government as part of state-run banks. After the infusion, the government's shareholding in the bank has increased to 62.31 percent.