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SBI gets nod to raise Rs 14,000 crore via Basel-III compliant bonds

22 Jun 2021 Evaluate

State Bank of India’s (SBI) central board has accorded approval for raising capital by way of issuance of Basel III compliant debt instruments in USD and/or INR during FY22. Under this, the bank plans to raise fresh additional tier I capital up to an amount of Rs 14,000 crore subject to the government of India concurrence. The central board of the bank at its meeting held on June 21, 2021, accorded approval for 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 949.75
PNB 116.65
Bank Of Baroda 239.00
Canara Bank 120.10
Union Bank Of India 173.75
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