SBI approves raising up to ₹20,000 crore for FY25 via long term bonds

SBI said that its board approved raising long term bonds up to an amount of ₹20,000 crore through a public issue or private placement during FY25.

Updated on: Jun 19, 2024, 14:55:04 IST

By HT News Desk

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The State Bank of India said that its board approved raising long term bonds up to an amount of ₹20,000 crore through a public issue or private placement during FY25.

The State Bank of India (SBI) office building is pictured in Kolkata, India. (Reuters)

Read more: Gautam Singhania faces calls to step down from Raymond's board: 'Until divorce with Nawaz Modi is settled'

Earlier this month, SBI raised $100 million through its London branch by selling three-year senior unsecured floating-rate bonds.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

SBI approves raising up to ₹20,000 crore for FY25 via long term bonds

SBI said that its board approved raising long term bonds up to an amount of ₹20,000 crore through a public issue or private placement during FY25.

Read more: PM Modi's prediction of a post poll market rally comes true as Sensex, Nifty hit record highs

Read more: Gautam Singhania faces calls to step down from Raymond's board: 'Until divorce with Nawaz Modi is settled'