State Bank Of India

State Bank of India (SBI) is planning for raising of Additional Tier 1 (AT 1) Capital by way of issuance of Basel III compliant debt instruments in INR and / or any other convertible currency through a public offer or private placement to Indian and / or overseas investors up to March 31, 2024. A meeting of the Central Board of State Bank of India is scheduled to be held on December 14, 2022 to consider 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.