State Bank of India, the country's largest lender, is considering raising as much as USD 5 billion in dollar bonds to fund high-value loans to Indian firms having international operations, the Mint reported citing two unnamed senior company officials.
The money will be raised through multiple tranches over the next one year, the newspaper said, adding SBI's board was expected to approve the proposal shortly.
An SBI spokesman could not be immediately reached by Reuters for a comment.
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