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This is an archive article published on December 15, 2022

SBI plans to raise up to Rs 10,000 cr via AT1 bonds

In an exchange filing, SBI said the central board of the bank at its meeting on Wednesday okayed the fundraise via the Basel III-compliant debt instrument in rupee or any other convertible currency up to FY24.

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SBI, State Bank of India, SBI State Bank of India, SBI AT1 bonds, Business news, Indian express, Current AffairsState Bank of India (SBI)
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SBI plans to raise up to Rs 10,000 cr via AT1 bonds
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The country’s largest lender, State Bank of India (SBI), plans to raise up to Rs 10,000 crore through additional tier-1 (AT1) bonds until March 2024 to support business growth.

In an exchange filing, SBI said the central board of the bank at its meeting on Wednesday okayed the fundraise via the Basel III-compliant debt instrument in rupee or any other convertible currency up to FY24.

 

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