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SBI raises Rs 3105 crore through Basel-III compliant bonds

03 Sep 2019

State Bank of India (SBI) has raised up to Rs 3,105 crore by issuing bonds under the Basel-III regulations. The Board of the company at its meeting held on August 30, 2019, approved the allotment 31,048 non-convertible, taxable, perpetual, subordinated, unsecured Basel-III-compliant bonds for inclusion in additional tier-I capital of the bank.

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.

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