State Bank of Travancore to raise Rs 600 crore

20 Feb 2017 Evaluate

State Bank of Travancore (SBT) is planning to raise around Rs 600 crore to shore up additional tier-I capital by issuing Basel compliant bonds on private placement. The bank has received approval from executive committee of the board of directors at its meeting held on February 18.

SBT is an Associate of the State Bank of India and a member of the State Bank Group, the largest banking group in India. The Bank is alive to its developmental role and actively participates in meeting need based requirements of Small and Medium Enterprises and Agriculture.

Peers
Company Name CMP
SBI 820.50
Bank Of Baroda 251.20
Canara Bank 102.65
PNB 97.85
Union Bank Of India 117.10
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