Is my portfolio
One Report to Answer all your Questions!
State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1038.20
-4.10 (-0.39%) State Bank of India gets nod to raise AT1 Capital up to Rs 10,000 crore
Date: 15-12-2022State Bank of India (SBI) has received an approval for raising capital by way of issuance of Basel III compliant debt instrument in INR and / or any other convertible currency, up to FY24 by fresh Additional Tier 1 (AT1) Capital up to an amount of Rs 10,000 crore, subject to Govt. of India concurrence.
The Central Board of the Bank at its meeting held on December 14, 2022, accorded approval for 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.