State Bank Of India

State Bank of India's (SBI) unit - SBI Global Factors is looking to raise Rs 100 crore via 10-year bonds at 9.22 percent semi-annual coupon.

Recently, SBI, the country's largest lender, plans to raise $5 billion via overseas loans in the current fiscal. The bank had no plans to raise funds via Tier II bonds and in mid-May the bank would raise $3 billion to $4 billion in offshore debt in FY12.

The bank ‘s net profit for the quarter ended March 31, 2011 had plunged by 98.88% at Rs 20.88 crore whereas the same was at Rs 1866.60 crore for the quarter ended March 31, 2010. Its total income for the quarter under review increased by 18.07% at Rs 26536.84 crore whereas the same was at Rs 22474.12 crore for the March quarter of the previous Fiscal.