SBI raises ₹10,000 cr via 17th infra bond issue
The PSU bank has raised the debt capital at a coupon rate of 7.23% payable annually for a tenor of 15 years.
The PSU bank has raised the debt capital at a coupon rate of 7.23% payable annually for a tenor of 15 years.
The additional Common Equity Tier 1 (CET1) requirement for these domestic systemically important banks will be in addition to the capital conservation buffer.
Brokerages remain bullish on SBI with ‘Buy’ ratings, expecting potential upside of up to 25% from the current level.
The net interest income jumped 5.37% YoY to ₹41,620 crore in Q2 FY25, from ₹39,500 crore in the same period last year.
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 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 government should tweak the tax rate on interest earned from fixed deposits, says SBI's group chief economic adviser
India’s biggest lender banks on technology to grow in the face of onslaught by fintech players and private banks.