State Bank of India's board has approved raising up to Rs 60,000 crore in the current fiscal year through debt instruments. These funds will be raised via long-term bonds, Basel III-compliant Additional Tier 1, and Tier 2 Bonds. The issuance will be through public offer or private placement to Indian and overseas investors during FY27.
State Bank of India's board has approved a plan to raise Rs 60,000 crore in the current fiscal year, FY27. The funds will be secured through various debt instruments, including long-term bonds and Basel III-compliant Additional Tier 1 and Tier 2 Bonds. This capital will be…
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