Jefferies' 11 stocks that can deliver 12-25% CAGR in 5 yrs
US-based global brokerage says capex cycle theme drives several of its top picks; other factors include govt mfg push, SOE reforms, penetration stories, financialisation of savings, consumer ideas
SBI raises $600 mn via dollar bonds
The U.S. dollar-denominated senior unsecured notes will be part of the India-based bank's $10 billion medium-term note programme.
SBI shares surge after 8.07% rise in Q2 profit at ₹14,330 cr
SBI’s NII surged 12.27% to ₹39,500 cr, while NIM stood at 3.43, down 12 bps YoY
SBI board approves fundraising of ₹50,000 cr in FY24
The funds will be raised by the issue of debt instruments, including Basel III compliant additional tier 1 and tier 2 bonds
SBI board approves $2 bn fundraise via offshore bonds; stock down
Latest fundraising comes a month after the Dinesh Khara-led public sector lender raised ₹3,717 crore through Tier 1 bond at a coupon rate of 8.25%.
SBI reports highest-ever Q3 profit at ₹14,205 cr
The robust growth in Q3 FY23 has been attributed to strong growth in its core income and a reduction in provisions.
SBI to raise ₹10,000 cr via infra bonds
Fundraising also includes a greenshoe option of ₹5,000 cr. SBI stock rises to an intra-day high of ₹613.50.