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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1029.40
-18.85 (-1.80%) SBI gets nod to raise Rs 14,000 crore via Basel-III compliant bonds
Date: 22-06-2021State Bank of India’s (SBI) central board has accorded approval for raising capital by way of issuance of Basel III compliant debt instruments in USD and/or INR during FY22. Under this, the bank plans to raise fresh additional tier I capital up to an amount of Rs 14,000 crore subject to the government of India concurrence. The central board of the bank at its meeting held on June 21, 2021, accorded 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.