Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Nov 27, 2024

SBI Raises Rs 50,000 Crore Via Domestic Bonds So Far In FY25

SBI Raises Rs 50,000 Crore Via Domestic Bonds So Far In FY25
State Bank of India has raised Rs 50,000 crore through domestic bond issuances in the current financial year. (Photographer: Vijay Sartape/NDTV Profit)

State Bank of India has raised Rs 50,000 crore through domestic bond issuances in the current financial year, the state-owned lender said in a press release.

Of the total amount of fundraising, the bank raised Rs 5,000 crore through additional tier-I bonds, Rs 15,000 crore through tier-II bonds and Rs 30,000 crore through infrastructure bonds.

"All these issues have attracted overwhelming response from investors and were oversubscribed by more than two times against the respective base issue size," the lender said.

Investors included provident funds, pension funds, insurance companies, mutual funds and banks.

Earlier this month, Chairman CS Setty said the state-owned bank would like to access the market for infrastructure bonds as there is sizeable interest among investors. He said that the bank would tap the market to raise Rs 20,000 crore through infra bonds in the second half of the current financial year.

Watch LIVE TV, Get Stock Market Updates, Top Business, IPO and Latest News on NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search