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.
