SFBs will require Rs 5,000-6,000 crore equity infusion for 15-20% CAGR by 2023: ICRA
The rating agency's vice president and sector head (financial sector ratings) Supreeta Nijjar said external capital will be needed not only to manage COVID-19 related credit costs and medium-term growth but also to manage regulations related to reducing promoter shareholding below 40 percent.