The government today tabled an Amendment Bill in the Lok Sabha seeking to reduce its holding in the country's largest lender State Bank (SBI) to 51 per cent, a move that is aimed at allowing the bank to raise fresh capital through public offerings.

The Government on Friday introduced a Bill in Parliament that seeks to authorise it to clear various decisions on the associate banks of the SBI, including the appointment of managing directors and sacking their boards in public interest.

Raj Thackrey led Maharashtra Navnirman Sena has warned the State Bank of India (SBI) not to recruit any outsiders in the exam being held on Sunday.

The country's largest lender, State Bank of India, has raised $750 million (about Rs 3,600 crore) through bonds from the overseas market.

Bolstered by a four-fold jump in treasury gains, India's top 12 banks clocked a 55.2 percent rise in net profits in the quarter ended June 30, but high cost of funds hit their net interest margins, rating agency CARE said in a report on Monday.