State Bank Of India

State Bank of India (SBI) has received an approval for the proposal to raise fund in single or multiple tranches up to $2 billion (about Rs 16,000 crore) through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during FY 2023-24. The Executive Committee of the Central Board in its meeting on April 18, 2023 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.