SBI Board to discuss raising capital via bonds on July 15

The State Bank of India (SBI) on Friday said that its Central Board will meet on July 15 to consider raising funds through bonds.

migrator

Updated:10th Jul, 2020 at 11:01 PM

Mumbai

In a regulatory filing, the bank said, its board will "seek approval for raising of Additional Tier 1 (AT 1) and Tier 2 Capital by way of issuance of Basel-III compliant debt instrument in USD and/or INR during FY 21"

Several banks, both private and public, are looking at raising funds of late.

On Wednesday, the board of ICICI Bank approved a proposal to raise Rs 15,000 crore through fresh equity.

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SBI Board to discuss raising capital via bonds on July 15

The State Bank of India (SBI) on Friday said that its Central Board will meet on July 15 to consider raising funds through bonds.

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