State Bank of India (SBI) has received an approval for long term fund raising in single / multiple tranches up to $2 billion under Reg-S/144A, through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during FY 2017-18 and FY 2018-19. The Executive Committee of the Central Board of the company at its meeting held on January 08, 2018 has approved for 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.
