Mumbai, July 10 (IANS) The State Bank of India (SBI) on Friday said that its Central Board will meet on July 15 to consider raising funds through bonds.
In a regulatory filing, the bank said, its board will “seek approval for raising of Additional Tier 1 (AT 1) and Tier 2 Capital by way of issuance of Basel-III compliant debt instrument in USD and/or INR during FY 21”
Several banks, both private and public, are looking at raising funds of late.
On Wednesday, the board of ICICI Bank approved a proposal to raise Rs 15,000 crore through fresh equity.
–IANS
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