State Bank of India (SBI) has issued 40,000, Basel III compliant, Tier-II bonds in the nature of debentures, of face value of Rs 10,00,000 each at par, with 10 year tenure, bearing 8.33% per annum coupon and with call option after 5 years, aggregating to Rs 4,000 crore on private placement basis.
The bank has reported 25.11% rise in its net profit at Rs 3879.07 crore for the quarter ended September 30, 2015 as compared to Rs 3100.41 crore for the same quarter in the previous year. The bank’s total income increased by 12% to Rs 46854.81 crore for the quarter under review from Rs 41833.36 crore for the corresponding quarter of the previous year.
