SBI set to raise Rs 10,000 cr through sale of infrastructure bonds

SBI set to raise Rs 10,000 cr through sale of infrastructure bonds

The bonds sold by SBI will be used for financing infrastructure projects through loans.

FPJ Web DeskUpdated: Tuesday, January 03, 2023, 03:10 PM IST
article-image
Image | Pixabay

According to an exchange filing, public sector lender State Bank of India's board has approved the sale of bonds to raise Rs 10,000 crore.

The SBI will be selling infrastructure bonds, which are used for financing new roads, bridges and power plants via loans.

RECENT STORIES

Bajaj Consumer Care Q2 Profit Jumps 33 Per Cent To ₹42.3 Crore On Higher Sales; Revenue Up 13 Pc...

Bajaj Consumer Care Q2 Profit Jumps 33 Per Cent To ₹42.3 Crore On Higher Sales; Revenue Up 13 Pc...

Jindal Stainless Q2 Profit Rises 32 Per Cent To ₹808 Crore On Strong Sales; Revenue Up 12 Pc Amid...

Jindal Stainless Q2 Profit Rises 32 Per Cent To ₹808 Crore On Strong Sales; Revenue Up 12 Pc Amid...

Aviation Milestone: Emirates Marks 40 Years Of Connecting India To World, Aims To Continue...

Aviation Milestone: Emirates Marks 40 Years Of Connecting India To World, Aims To Continue...

Union Minister Piyush Goyal Meets US Delegation Led By Utah Senate President To Boost Cooperation In...

Union Minister Piyush Goyal Meets US Delegation Led By Utah Senate President To Boost Cooperation In...

Sensex, Nifty Snap 3-Day Losing Streak, IT & Auto Stocks Lead Market Rebound On Global & Domestic...

Sensex, Nifty Snap 3-Day Losing Streak, IT & Auto Stocks Lead Market Rebound On Global & Domestic...