SBI plans to raise INR 8,000 crore

 

State Bank of India said it has received board approval for raising INR 8,000 crore to raise tier I capital by way of issuance of Basel III compliant debt instrument from domestic market including masala bonds.

The stock was flat at Rs. 313.

The stock has hit a high of Rs.316 and a low of Rs. 312.

NewsBarons is now active on WhatsApp. To receive news and updates on your handset, please click here and press send to subscribe.

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com
banner4