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State Bank of India planning to raise funds

11 Dec 2018 Evaluate

State Bank of India (SBI) is going to examine the status and decide on long term fund raising in single/multiple tranches up to $ 1.25 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 January to March, 2019.

The meeting of the Executive Committee of Central Board of the Bank is scheduled to be held on December 12, 2018, to consider 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.

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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