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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1077.55
13.05 (1.23%) State Bank of India planning to raise funds
Date: 11-12-2018State Bank of India (SBI) is going to examine the status and decide on long term fund raising in single/multiple tranches up to $ 1.25 billion under Reg-S/144A through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during January to March, 2019.
The meeting of the Executive Committee of Central Board of the Bank is scheduled to be held on December 12, 2018, to consider the same.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.