BANK NEWS
SBI approves to raise Rs 20,000 crore for FY25 via long term bonds
Currently, SBI has raised $100 million through its London branch by selling three-year senior unsecured floating-rate bonds.
![SBI approves to raise Rs 20,000 crore for FY25 via long term bonds](https://www.psuconnect.in/sdsdsd/sbi43.jpg)
The State Bank of India said that its board approved raising long-term bonds to an amount of ?20,000 crore through a public issue or private placement during FY25.
It said in a regulatory filing that “the Central Board at its meeting held today i.e. 19th June 2024 has, inter alia, accorded approval for raising long-term bonds to an amount of Rs. 20,000 crore through a public issue or private placement, during FY25.”
Currently, SBI has raised $100 million through its London branch by selling three-year senior unsecured floating-rate bonds.
Read Also : R.K. Chaudhary, CMD, NHPC met Chowna Mein, Hon’ble Dy. CM, Arunachal PradeshNews Must Read
- Petroleum Minister Hardeep S Puri Highlights India’s Bioenergy Progress
- NBCC bags orders worth Rs. 182.50 Crore
- OMCs increases price of 19 kg commercial LPG cylinder by Rs 39
- HUDCO Issues Record Date For Dividend, Shares Rise 118% YTD
- NTPC Bongaigaon to Support TB Eradication Efforts; Partners with District Administration, Kokrajhar
- Solar Energy Corporation of India Ltd (SECI) attains Navratna Status
- Dr D K Sunil Takes Over as CMD (Additional Charge) of HAL
- DVC bags Champions Trophy for Corporate Sustainability at XLRI, Jamshedpur
- Minister Pralhad Joshi Visits IREDA Office, Reviews Company’s Strategic Growth Plan
- HAL Selects SAFHAL Helicopter Engines to Develop and Produce ‘Aravalli’ Engines