Friday , 16 November 2018
Breaking News
SBI planning to raise funds up to Rs 5,000 crore via bonds during FY19

SBI planning to raise funds up to Rs 5,000 crore via bonds during FY19

State Bank of India (SBI) is planning for raising up to Rs 5,000 crore through issue of Basel III compliant Tier 2 bonds in USD/INR to overseas and/or Indian investors during FY19, through a public offer / private placement. The meeting of the Central Board of the Bank is scheduled to be held on October 22, 2018 to consider the same.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

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