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SBI gets nod to raise Rs 20,000 crore through the sale of shares

08 Dec 2018 Evaluate

State Bank of India (SBI) has received shareholders’ approval to raise up to Rs 20,000 crore through the sale of shares. The country's largest lender held a general meeting of its shareholders in Mumbai to seek approval for the business as a special resolution.

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.

Peers
Company Name CMP
State Bank Of India 940.65
PNB 115.50
Bank Of Baroda 234.10
Canara Bank 117.20
Union Bank Of India 172.95
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