State Bank Of India

State Bank of India (SBI), the country’s largest public sector bank, is reportedly planning to raise Rs 5000 crore during the third quarter of the current fiscal year. The bank looking to raise infrastructure bonds, a move aimed at diversifying its liabilities and reducing the overall cost of funds.

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.