Latest News | SBI to Decide on USD 3 Bn Fund Raising on May 20
Get latest articles and stories on Latest News at LatestLY. Country's largest bank State Bank of India (SBI) on Wednesday said it will consider raising USD 3 billion through public offer or private placement during the current fiscal.
New Delhi, May 14 (PTI) Country's largest bank State Bank of India (SBI) on Wednesday said it will consider raising USD 3 billion through public offer or private placement during the current fiscal.
The bank's Executive Committee of the Central Board will meet on May 20 to decide on the fundraising plans.
The committee will "examine the status and decide on long term fund raising in single/multiple tranches of up to USD 3 Billion ...through a public offer and/or private placement of senior unsecured notes in US dollar or any other major foreign currency during FY 2025-26," SBI said in a regulatory filing.
Shares of SBI closed at Rs 800.35, down 0.19 per cent over previous close on BSE.
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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)