State Bank Of India

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Large Cap | Bank - Public
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State Bank of India to raise $1,500 million

Date: 29-06-2016

State Bank of India is planning to raise long term funds up to $1,500 million in single / multiple tranches through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during the financial year 2016-17. The Executive Committee of the Central Board in its meeting held on June 29, 2016, has approved for the same.

State Bank of India offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc.