MoneyWorks4Me

SBI gets nod to raise upto Rs 50,000 crore

09 Jun 2023 Evaluate

State Bank of India (SBI) has received approval from Central Board of the Bank for raising funds in INR and / or any other convertible currency by issue of debt instruments including but not limited to Long Term Bonds, Basel III compliant Additional Tier 1 Bonds, Basel III compliant Tier 2 Bonds, upto an amount of Rs 50,000 crore through private placement mode to Indian and/or Overseas investors during FY24, subject to GOI approval wherever required. 

State Bank of India (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
View more..