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.
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.
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