State Bank Of India

State Bank of India (SBI) is considering proposal for raising of additional AT1 Bonds to the extent of Rs 5,000 crore by way of issuance of Basel III compliant debt instruments in rupees, within the overall capital plan earlier approved by the Board for raising Equity during FY 21. A meeting of the Central Board of Directors of the Bank is scheduled to be held on September 30, 2020 to consider.

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.