MoneyWorks4Me

State Bank of India gets nod to raise $2 billion long-term fund in current financial year

11 May 2022 Evaluate

State Bank of India’s (SBI) board has approved a proposal to raise $2 billion long-term fund in the current financial year. The fund would be raised in a single or multiple tranches. The Executive Committee of the Central Board in its meeting on May 10, 2022 has 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.

Peers
Company Name CMP
State Bank Of India 991.10
PNB 116.60
Bank Of Baroda 234.50
Canara Bank 122.85
Union Bank Of India 177.60
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