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.

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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