State Bank Of India

State Bank of India (SBI) has purchased non convertible debentures (NCDs) worth Rs 200 crore issued by Muthoot Fincorp. The debt issue has a five-year maturity with half-yearly being the frequency of the interest payment.

State Bank of India 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.