SBI Board to discuss raising capital via bonds on July 15

Sarkaritel
By Sarkaritel July 11, 2020 07:52


Mumbai, July 11  The State Bank of India (SBI) on Friday said that its Central Board will meet on July 15 to consider raising funds through bonds.

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.

Sarkaritel
By Sarkaritel July 11, 2020 07:52