"We will take a decision on QIP shortly...within a month," SBI Chairperson Arundhati Bhattacharya said here. "Now, whatever capital they (government) give, to that extent we can take QIP or whatever other ways possible...So that we can retain the government stake at the same level," she said.
Financial Services Secretary Rajiv Takru said that banks will be allowed to raise capital from the markets in the proportionate amount infused by the government to maintain the government's shareholding.
"Government shareholding will not go down from the current level," he said. On capital infusion, Bhattacharya said last time also when the govt infused money in SBI, they had actually increased their shareholding from 58 per cent to 63 percent.
Last fiscal, the government had infused Rs 3,004 crore into SBI. The lender raised the money through a preferential allotment of shares to the government. Asked about measure taken to reduce non-performing assets, she said: "We have to extend the time period that we have given to them in order to perform."
If management change is required, it will be done for recovery of loan, she said. "But it is not something that will be done in one or two days' time. We will a considered view. We will consider it as one of the ways in which to resolve the NPAs," she added.
On October 22, 2013, State Bank of India closed at Rs 1676.90, up Rs 5.65, or 0.34 percent. The 52-week high of the share was Rs 2550.00 and the 52-week low was Rs 1452.90.
The company's trailing 12-month (TTM) EPS was at Rs 198.74 per share as per the quarter ended June 2013. The stock's price-to-earnings (P/E) ratio was 8.44. The latest book value of the company is Rs 1445.60 per share. At current value, the price-to-book value of the company was 1.16.
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