SBI raises Rs 4000 crore through bonds

24 Sep 2022 Evaluate

State Bank of India (SBI) has successfully raised Rs 4000 crore through Basel III compliant unsecured, non-convertible Tier 2 Bonds at 7.57%. Issue opened on September 21, 2022 and closed on same date.

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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