State Bank Of India

State Bank of India (SBI) has raised Rs 2500 crore through Basel III compliant Non-convertible, Taxable, Perpetual, Subordinated, Unsecured, Fully Paid-up Debt instruments in the nature of debentures (NCDs) and allotted 25,000 NCDs having face value of Rs 10 lakh each, at par, bearing a coupon of 7.73% p.a. payable annually with call option after 5 years and on anniversary dates thereafter.

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.