State Bank Of India

State Bank of India (SBI) is planning to raise Rs 2,000 crore by allotting 20,000 AT1 Basel-III compliant non-convertible, perpetual, subordinated bonds in the nature of debentures to various investors. Bonds will carry a coupon rate of 8.15 per cent per annum with a call option after 5 years or the anniversary date thereafter. The committee of directors accorded its approval on August 3, 2017, for the same. 

State Bank of India (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.