MoneyWorks4Me

SBI gets nod to raise funds up to $2.5 billion during FY20

25 Apr 2019 Evaluate

State Bank of India (SBI) has received an approval for long term fund raising in single/multiple tranches up to $2.5 billion through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during FY 2019-20. The Executive Committee of the Central Board in its meeting held on April 24, 2019, approved 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
View more..