The Hindu·3 min read·medium
SBI raises ₹4,691 cr through bonds from diversified qualified institutions
T
The Hindu Bureau
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State Bank of India (SBI) has successfully raised ₹4,691 crore through its first Basel III compliant Additional Tier 1 (AT1) bonds of the current financial year. The issuance saw strong demand from diverse institutional investors, reflecting confidence in the bank's financial stability.
State Bank of India (SBI), the country’s largest lender, has raised ₹4,691 crore through its first Basel III compliant Additional Tier 1 (AT1) bonds to part fund the growth strategy, signifying its ability to diversify and raise long term non-equity regulatory capital,.
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