State Bank Of India

State Bank of India (SBI) has decided to issue Long Term Bonds of Rs 5,000 crore for financing of infrastructure and affordable housing (Infra Bonds) during FY 2017 on private placement in tranches at appropriate time in domestic as well as overseas market. The Executive Committee of Central Board at its meeting held on November 10, 2016, has accorded its approval for issuance of this Infra 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.