State Bank Of India

State Bank of India (SBI) is mulling to raise long term fund in single/multiple tranches under Reg-S/144A, up to $2 billion through a public offer and/or private placement of senior unsecured notes in US dollar or any other convertible currency during FY23. The executive committee of the bank is scheduled to have a meeting on May 10, 2022 to examine the status and decide on 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.