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SBI to seek extension of nod for raising equity capital from market up to Rs 20,000 crore

20 Mar 2020 Evaluate

State Bank of India (SBI) is mulling to seek the extension of approval accorded by Central Board for raising Equity Capital from market up to Rs 20,000 crore till March 31, 2021 subject to the approval of shareholders, RBI and GoI. The meeting of the Central Board of the bank is scheduled to be held on March 27, 2020, to consider the extension of approval.

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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Company Name CMP
SBI 1112.15
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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