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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1042.30
14.00 (1.36%) State Bank of India planning to raise up to $3 billion in FY25
Date: 11-06-2024State Bank of India is planning for long term fund raising in single / multiple tranches of up to $3 billion under Reg-S/144A, through a public offer and/or private placement of senior unsecured notes in US Dollar or any other major foreign currency during FY 2024-25.
The Executive Committee of the Central Board at its meeting held on June 11, 2024 has approved, inter alia, to examine the status and decide on long term fund raising.
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.