State Bank Of India

In order to increase its capital adequacy, State Bank of India (SBI) is reportedly planning to raise up to Rs 3,300 crore through additional tier-1 (AT1) bonds. This is the second time in recent months that SBI is looking to raise funds through this route. In September, the bank had issued AT1 bonds worth Rs 2100 crore to YES Bank at a coupon (interest rate) of nine per cent. CRISIL has assigned 'AA+' for these bonds.

SBI offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc. The bank has reported 31.73% fall in its net profit at Rs 2520.96 crore for the quarter ended June 30, 2016 as compared to Rs 3692.43 crore for the same quarter in the previous year.