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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1043.40
5.20 (0.50%) State Bank of India gets nod to raise $2 billion long-term fund in current financial year
Date: 11-05-2022State Bank of India’s (SBI) board has approved a proposal to raise $2 billion long-term fund in the current financial year. The fund would be raised in a single or multiple tranches. The Executive Committee of the Central Board in its meeting on May 10, 2022 has approved 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.