The executive committee of the central board will take a decision in this regard on April 24, SBI said in a regulatory filing.
State Bank of India on April 18 said it plans to raise $2.5 billion (about Rs 17,000 crore) through bonds to fund expansion of overseas business.
The executive committee of the central board will take a decision in this regard on April 24, SBI said in a regulatory filing.The committee will decide on long-term fund raising in single/multiple tranches up to $2.5 billion through a public offer or private placement of senior unsecured notes in US Dollar or any other convertible currency during 2019-20, it said.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.