Mumbai: The Central Board of the State Bank of India (SBI) on Wednesday approved the raising of up to Rs 25,000 crore through bonds in the financial year 2020-21.
In a regulatory filing, the bank said that it has approved the "raising of capital by issuance of Basel III compliant debt instruments in USD and/or INR during FY21."
The fund raising would include fresh Additional Tier 1 (AT 1) capital up to an amount of Rs 4,000 crore and raising of fresh Tier 2 capital up to an amount of Rs 10,000 crore.
The board also approved "to redeem existing Tier 2 capital bonds of Rs 11,015 crore having call dates during FY21 and replacing the same by raising fresh Tier 2 capital bonds of the same amount".
Confederation Of Indian Industry Young Indian Plans To Scale India-Singapore Youth Exchange To 300 Students Annually
TNTET Answer Key 2025: Last Chance To Raise Objection; Read Instructions Here
US: Truck Skids Off Snow-Covered Road In West Virginia, Dangles In Air; Heroic Rescue Operation Caught On Camera
Odisha CM Mohan Charan Majhi Directs Officers To Expedite Expenditure From The District Minerals Foundations, Garnering ₹34,052 Crore
