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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1042.30
14.00 (1.36%) SBI doubles MTN programme size to $10 billion
Date: 23-09-2011State Bank of India (SBI), the country’s largest lender has doubled its Medium Term Note (MTN) programme to $10 billion to fund overseas business. The (MTN) programme has been upsized from $5 billion to $10 billion.
The Offering Circular (OC) under the said MTN Program has been updated on September 19, 2011 with the audited financial data of the Bank as on March 31, 2011 and filed with Singapore Exchange.
Recently, SBI extended 25 basis point concessional home loan schemes till December this year, as it is facing stiff competition from its rivals offering dual interest home loan products. The scheme which was open till October 31, 2011, has now been extended till December 31, 2011.