SBI approves capital raising:

State Bank of India

State Bank of India (SBI) board accorded approval for raising of capital by way of issuance of Basel III compliant debt instruments in INR during FY 21.

It included raising of additional AT1 Bonds to the extent of Rs 5,000 crore by way of issuance of Basel III compliant debt instruments in INR, within the overall capital plan earlier approved by the Board for raising Equity during FY21.

The issuance of additional AT 1 bonds will be subject to Regulatory and Government approvals, if any.

News Source:- moneycontrol

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