State Bank Of India

State Bank of India (SBI) has concluded the issue of $1,000 Mio Fixed Rate Senior Unsecured Notes having a maturity of 5 years at a coupon of 3.25% per annum payable semi-annually, under a standalone bond issue under Rule 144A/Regulation-S of US Securities Exchange Commission (SEC), in the form of 144A/Regulation-S. The Bonds will be issued through its London branch as of April 18, 2013 and shall be listed on Singapore Stock Exchange (SGX).

The bank reported 4.08% rise in its net profit at Rs 3396.06 crore for third quarter ended December 31, 2012 as compared to Rs 3263.04 crore for the same quarter in the previous year. Total income from operation of the bank increased by 14.11% at Rs 33992.11 crore for quarter under review as compared to Rs 29787.37 crore for the quarter ended December 31, 2011.