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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1043.40
5.20 (0.50%) SBI raises $500 million through IFSC Gift City branch
Date: 18-04-2022State Bank of India (SBI) has raised $500 million (over Rs 3,800 crore) through its IFSC Gift City branch. This is the first offshore USD Secured Overnight Financing Rate (SOFR) linked syndicated loan raised by SBI through its Gift City branch. The facility is for $400 million plus $100 million as a green shoe option.
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.