MoneyWorks4Me

SBI gets nod to raise fund of Rs 10,000 crore in FY23

29 Nov 2022 Evaluate

State Bank of India’s (SBI) board has approved for raising of Infrastructure Bonds up to an amount of Rs 10,000 crore (including a green shoe option of Rs. 5,000 crore) through a public issue or private placement, during FY23. The Executive Committee of the Central Board in its meeting on Nov 29, 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 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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