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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1052.90
23.50 (2.28%) SBI gets nod to raise Rs 5,000 crore through debt instruments in FY21
Date: 01-10-2020State Bank of India’s (SBI) board has approved raising of additional tier-I (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 FY21. The central board of the bank in a meeting held on September 30, 2020 has accorded the approval for 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.