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.
