State Bank Of India

State Bank of India (SBI), country’s largest public sector lender has raised Rs 5681 crore by issuing preferential shares to the government of India. Shares were issued at a price of Rs 269.59 per unit of face value of Re 1 each, including a premium of Rs 268.59 per unit for a total consideration of Rs 5681 crore. The fund infusion is part of total capital support of Rs 7575 crore to the bank fixed for the current financial year.

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