A much awaited rights equity issue by State Bank of India will not happen in the current fiscal year, but the government will pump in cash to shore up the state-run bank's capital, secretary, financia

State Bank of India chairman Pratip Chaudhuri on Monday said Government is 'quite committed' to infuse funds through the bank's proposed Rs 20,000 crore rights issue.

"The Government is quite c

In a bid to trim its huge debt of Rs 6,000 crore, the board of the cash-strapped private carrier Kingfisher Airline has approved a rights issue to mobilise up to Rs 2,000 crore, but without setting a