18000 Crores capital added by government

$3.6 bln has been promised by MoF to fund state owned banks immediately after the budget to facilitate ramping up the Tier I common/capital ratios on the FY2012 balance sheet. SBI was promised INR 1.6 bln or INR7800 crores

ECB/FCCB funding welcome

Meanwhile, the changed fortunes of the rupees could not stop ECB/FCCB borrowing as $4.46 bln was mopped up in December on top of $1.58 bln in November.of this $2.7 bln is project based on automatic route across 90 projects , small QIPs of less than $3000 mln from mid cap and large corporates

Posted via email from The India Investment Post