SBI gets board approval to raise up to Rs 14,000 crore through bonds
The country's largest lender plans to raise fresh additional tier-I capital up to an amount of Rs 14,000 crore subject to the concurrence of Government of India.
- Jun 21, 2021,
- Updated Jun 21, 2021 9:51 PM IST
The State Bank of India (SBI) on Monday said it has got its board's approval to raise additional tier-I capital of up to Rs 14,000 crore through Basel-III bonds.
The capital would be raised in Indian or US currency through a public offer or private placement to overseas and/ or lndian investors during financial year 2021-22.
"The Central Board of the bank at its meeting held today on 21.06.2021 inter alia accorded approval for raising capital by way of issuance of Basel lll compliant debt instrument in USD and/ or INR during FY22," the bank said in a regulatory filing.
COVID-19: India administers record 80.96 lakh vaccine doses in a single day
The State Bank of India (SBI) on Monday said it has got its board's approval to raise additional tier-I capital of up to Rs 14,000 crore through Basel-III bonds.
The capital would be raised in Indian or US currency through a public offer or private placement to overseas and/ or lndian investors during financial year 2021-22.
"The Central Board of the bank at its meeting held today on 21.06.2021 inter alia accorded approval for raising capital by way of issuance of Basel lll compliant debt instrument in USD and/ or INR during FY22," the bank said in a regulatory filing.
COVID-19: India administers record 80.96 lakh vaccine doses in a single day