![SBI to raise up to $3 billion in FY25](https://images.assettype.com/fortuneindia%2F2022-09%2F27a2b35a-113d-47f5-b7e8-617d7e9bbf11%2FSBI_05068_copy_2.jpg?rect=0,171,2048,1024&w=300&q=95)
SBI to raise up to $3 billion in FY25
The public sector lender will raise the funds in one or more tranches through a public offer or a private placement of senior unsecured notes.
The public sector lender will raise the funds in one or more tranches through a public offer or a private placement of senior unsecured notes.
In the rate-sensitive space, the financial services sector was the top performer, with IIFL Securities, Bajaj Finance, Paytm rising up to 20%.
The weakness in PSU banks was in sync with the broader market as investors booked some profit ahead of the general election results due on June 4.
Dinesh Kumar Khara will retire on August 28, and the new chairman will assume duties on the same day.
SBI’s Q4 profit surged 24% to ₹20,698 cr; net interest income up 3.1% to ₹41,656 crore
PSU major’s net profit for FY24 at ₹61,077 cr, a growth of 21.59%, recommends ₹13.70 per share dividend
RBI has significantly enhanced the provisioning requirement during the construction phase of a project to 5%.
SBI gets a notice from Supreme Court for not sharing all details on electoral bonds
Paytm shares have tumbled 51% from ₹761 at the close of trade on January 31, 2023, after the RBI action against PPBL.
Axis Bank, HDFC Bank, State Bank of India and YES Bank will act as payment system provider (PSP) banks to Paytm parent One97 Communications