Country's largest bank State Bank of India (SBI) on Wednesday said it will consider raising USD 3 billion through public offer or private placement during the current fiscal. The bank's Executive Committee of the Central Board will meet on May 20 to decide on the fundraising plans.
The committee will "examine the status and decide on long term fund raising in single/multiple tranches of up to USD 3 Billion ...through a public offer and/or private placement of senior unsecured notes in US dollar or any other major foreign currency during FY 2025-26," SBI said in a regulatory filing.
Shares of SBI closed at Rs 800.35, down 0.19 per cent over previous close on BSE.
The committee will "examine the status and decide on long term fund raising in single/multiple tranches of up to USD 3 Billion ...through a public offer and/or private placement of senior unsecured notes in US dollar or any other major foreign currency during FY 2025-26," SBI said in a regulatory filing.
Shares of SBI closed at Rs 800.35, down 0.19 per cent over previous close on BSE.
You may also like
Watch: Lawmakers Blake Moore, Debbie Dingell and Jan Schakowsky doze off during overnight committee session
Mathura prison administration organises Jail Premier League to boost physical, mental health of prisoners
Indian Army actively engaged in defusing projectiles in Nowshera
Kerala Police investigate murder angle in man's death after being hit by car in Nedumbassery
Two dead, 4 injured in traffic crashes in Australia
