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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 to raise Rs 7,000 crore via bonds
Date: 03-07-2019State Bank of India (SBI) has received an approval to raise Rs 7,000 crore through bonds to fund business growth.
The central board at its meeting held on July 01, 2019 accorded approval to raise AT 1 Capital up to an amount of Rs 7,000 crore by way of issuance of Basel-III compliant debt instrument.
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.