SBI plans to hire 10,000 in FY25; here’s how stock reacts
State Bank of India reportedly plans to hire 10,000 new employees and open 600 branches during the current financial year to improve its operations.
State Bank of India reportedly plans to hire 10,000 new employees and open 600 branches during the current financial year to improve its operations.
In less than a month, State Bank of India raised a total of ₹15,000 crore through issuance of Tier-2 bonds in two equal tranches.
The issue received an overwhelming response from investors with a total of 105 bids amounting to ₹14,215 crore against the total issue size of ₹5,000 crore.
The PSU bank has raised the fund at a coupon rate of 7.42% through its first Basel III compliant Tier 2 bond issuance for the current financial year.
This is the sixth infra bond issued by the PSU bank; the proceeds will be used for funding infrastructure and affordable housing segments.
The PSU bank plans to raise funds through equity and bonds during the current fiscal.
The share price of PSU bank has declined nearly 1% today and around 7% since April 29.
The apex court has given one day time to SBI to submit details of electoral bonds, rejecting its plea seeking an extension of time till June 30.
State Bank of India shares gained as much as 6.4% to hit a record high of ₹718.80 intraday today, while the m-cap surged to ₹6.36 lakh crore.
The share price of Canara Bank has doubled in the last one year, from its 52-week low of ₹268.85 on Feb 24, 2023, to ₹550.50 today.