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SBI seeks finmin nod to raise 20,000 crore

17 Sep 2010 Evaluate

The State Bank of India has sought the finance ministry’s nod to raise 20,000 crore from the market. The amount would enable the bank to fuel its business plans, particularly in the face of rising competition from private and overseas rivals with deep pockets. Earlier this month, the bank planned to raise 20,000 crore through a rights issue.

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Company Name CMP
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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