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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1077.55
13.05 (1.23%) SBI gets approval to raise $1.25 billion on private placement basis
Date: 12-12-2018State Bank of India (SBI) has received approval to raise long term fund in single/multiple tranches up to $1.25 billion 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 Executive Committee of the Central Board at its meeting held on December 12, 2018 has approved 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.