State Bank of India (SBI), the country's largest lender, is reportedly planning to raise $500 million through dollar-denominated bonds by the year end. Prior to this, in July, 2012, the public sector lender had raised $1.25 billion from an overseas five-year dollar-denominated at 3.75% over US Treasuries to yield 4.125%. The issue was over-subscribed more than five times.
The bank has reported 4.08% rise in its net profit at Rs 3396.06 crore for third quarter ended December 31, 2012 as compared to Rs 3263.04 crore for the same quarter in the previous year. Total income from operation of the bank has increased by 14.11% at Rs 33992.11 crore for quarter under review as compared to Rs 29787.37 crore for the quarter ended December 31, 2011.
