Tuesday, October 23, 2018

SBI to raise Rs 25,000 Cr in FY19

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According to filing with exchanges, SBI seeks to raise up to Rs 25000 Cr during the current financial year, including up to Rs 5000 Cr through bonds to meet capital adequacy norms.

The central board of the bank gave its approval to two proposals of the bank in this regard.

The board accorded approval to the bank to raise Basel III compliant Tier 2 bonds up to Rs 50 billion in USD/domestic currency to overseas and/or Indian investors during 2018-19, through a public offer/private placement.

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