State Bank of India (SBI) has some really big plans for the year 2010.

India's largest lender is looking forward to buy a big chunk of shares in Tata Motors Finance. It is also planning to raise close to $4.3 billion by issuing rights issue in the coming fiscal. The bank is going to use this amount to sustain its growth over the coming five years time.

Besides this, SBI is also going to upgrade itself technically. It will be spending 60-70 per cent of the total capex fund that it has kept aside for the coming year. The part of this plan is that it would increase the number of ATMs and will emphasis more on the mobile banking and risk management systems.

OP Bhatt who was talking on the sidelines of a conference said that SBI is looking forward to a deal to buy stake in Tata Motors Finance. He further added that the bank will spend hugely on the technical and expansion mode.

As for the rights issue, Bhatt said that it would be successful only if the government is going to subscribe to it.