State Bank Of India

State Bank of India has issued 30,000, Basel III compliant, Tier-II bonds in the nature of debentures, of face value of Rs 10,00,000 each at par, with 10 year tenure, bearing 8.45% per annum coupon and with call option after 5 years, aggregating to Rs 3,000 crore on private placement basis.

The nation’s top lender by assets reported a 61.67 percent year-on-year fall in its standalone net profit figures at Rs 1,115.34 crore for the quarter ended December 2015. The bank earned Rs 2,910 .06 crore in the corresponding quarter a year ago.

Consolidated net profit of the bank fell 67 percent year-on-year at Rs 1,259.49 crore during October-December 2015 period against Rs 3828.20 crore in the same quarter last year.