SBI to raise up to Rs 11,000 crore via debt securities

Shares of SBI were trading 0.08 per cent higher at Rs 254.80 per scrip on the BSE.

By: PTI | New Delhi | Published: August 24, 2016 12:29:41 pm
SBI, state bank of india, sbi to raise 11000 cr via debt securities, sbi to raise funds via debt securities, debt securities sbi, sbi debt securities, sbi news, banking news, finance news, india news, business news Country’s largest lender State Bank of India (SBI) said it will raise up to Rs 11,000 crore through Basel III compliant debt instruments on a private placement basis.

The country’s largest lender State Bank of India (SBI) on August 24 said it will raise up to Rs 11,000 crore through Basel III compliant debt instruments on a private placement basis.

The bank has informed the BSE that “the Committee of Directors for Capital Raising at its meeting held on August 24, 2016 authorised the bank to raise up to Rs 11,100 crore additional tier 1 capital, by way of issue of Basel III compliant perpetual debt instrument in USD and/or INR, at par, through private placement to overseas and/or Indian investors”.

Shares of SBI were trading 0.08 per cent higher at Rs 254.80 per scrip on the BSE.

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