State Bank Of India

State Bank of India (SBI), country’s largest lender is reportedly planning to raise $750 million to $1 billion through bond sales, reviving overseas fund raising by Indian companies as international investors believe that the outlook for the Indian economy is set to improve. The bonds could be priced somewhere between 240 basis points and 250 basis points above the 10-year US treasuries.

Recently, International Monetary Fund’s (IMF) latest edition of the World Economic Outlook, stating that India's growth is expected to recover from 4.4 percent in 2013 to 5.4 percent in 2014 supported by slightly stronger global growth, improving export competitiveness and implementation of recently approved investment projects.

The bank reported 34.20% fall in its net profit at Rs 2234.34 crore for third quarter ended December 31, 2013 as compared to Rs 3396.06 crore for the same quarter in the previous year. However, total income of the bank increased by 14.91% at Rs 39060.76 crore for quarter under review as compared to Rs 33992.11 crore for the quarter ended December 31, 2012.