The State Bank of India (SBI) is awaiting extra capital from the Finance Ministry to business growth, as well as it is planning to lift up money by public offer of shares.

SBI chairman O P Bhatt said “We are discussing with Finance Ministry on this matter and awaiting permission of them. Wealth would be increase within three months but just now we are waiting clearance.

The SBI expects to increase about 10,000 crore either rights issue or by public offer. If bank brings out Public Offer then

Government’s share would be less but in case of rights issue Government’s share would be unaffected.

O P Bhatt was participating in the meeting called by Finance Minister P Chidambaram to discuss auto component, paper industries and credit needs of auto.

“Credit growth of SBI was lower till September end than aim of 23 to 24 percent but we are expected to get up to 25% credit growth this financial year. he added.

He also said, if the credit growth remained less than target rate capital will be increase from the market.

Buy Suzlon Energy Ltd company reported at current market price Rs.1390 for three month target of Rs.1500.They are reported in excellent result in last quarter ended.Total income source is depend on penny stock price and stock market price.

India’s Suzlon Energy is a forth largest turbine makers and that it plan invest 1 millions euro. Investment do this company by 2009.

 source:

Net profit this company rose of Rs 35.93 core in last quarter ended March 2007 as compared of Rs 61.34 core the during previous in last quarter ended March 2006.

latest stock tip buy at current market price Rs.611 for sixth month target of Rs.800.They are reported in excellent result in last target so i think say stock market price will be increased this is .