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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1017.15
-60.40 (-5.61%) SBI set to launch up to $2.3 billion share sale: Report
Date: 12-06-2017State Bank of India (SBI) is reportedly all set to launch a planned share sale of as much as $2.3 billion as early as this week to raise funds from institutional investors. The bank is expected to complete the sale by the end of 2017.
In March, the bank received board approval to raise up to Rs 150 billion ($2.33 billion) from capital markets during the current fiscal year that began in April.
SBI offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.