- State Bank of India approved raising up to Rs 60,000 crore through debt instruments
- Funds will be raised in rupee or other convertible currencies via bonds and Basel III bonds
- Debt instruments include long-term bonds, Additional Tier 1, and Tier 2 Basel III bonds
State Bank of India (SBI) on Thursday said its board has approved a proposal to raise up to Rs 60,000 crore in the current fiscal through the issue of debt instruments.
The funds would be raised either in rupee and /or any other convertible currency by issue of debt instruments like long-term bonds, Basel III-compliant Additional Tier 1 Bonds and Basel III compliant Tier 2 Bonds.
The funds would be raised through public offer or private placement mode to Indian and /or overseas investors during FY27, SBI said in a regulatory filing.
Shares of SBI closed 1.64% higher at Rs 1042.85 on the BSE on Thursday.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.