"Government of India, Department of Financial Services is very much considering it (rights issue proposal). As of now, there is no interim response (from the government) however it is receiving attention, " SBI Chairman Pratip Chaudhuri said.
"There is no question of taking a look at any other option but rights issue is very much on the monitor, " he said, adding, "The amount will be finalised after we hear in the government".
The country's largest bank submitted proposal for capital infusion a couple weeks ago.
"We have made our proposal to the government giving different scenarios and various levels of capital adequacy which requires different levels of capital, " he or she said.
As per the proposal, SBI requires Rs 20, 000 crore to finance its growth plans over the next two fiscals.
It is also function of percentage of government's holding within the bank, he said.
Currently, the government has a 59. 4% stake within the bank. In case a rights issue is approved and the government really wants to retain its holding at the current level, it would need to sign up for 59. 4% of the total rights being issued.