SBI to raise Rs 2,000 cr through bonds

State Bank of India will raise Rs 2,000 crore through bonds during the remaining part of this fiscal. The bond issue will be in tranches and would have a minimum maturity of 60 months, the bank informed the bourses.

The issue will be through a structured deal or by private placement or through the book building process.

The Executive Committee of the Central Board, which met today, has approved raising of Rs 2,000 crore through unsecured and rated rupee subordinated or Upper Tier II bonds.