SBI to raise Rs. 5000 crores through AT1 bonds

The Central Board of State Bank of India at its meeting held today on 30th September, 2020 has accorded approval for raising of capital by way of issuance of Basel III compliant debt instruments in INR during FY21 as under:

- Raising of additional AT1 Bonds to the extent of Rs. 5,000 crores 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 FY 21.

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

Shares of STATE BANK OF INDIA was last trading in BSE at Rs.185.4 as compared to the previous close of Rs. 185. The total number of shares traded during the day was 1481029 in over 8269 trades.

The stock hit an intraday high of Rs. 186.8 and intraday low of 182.4. The net turnover during the day was Rs. 273905094.

Source : Equity Bulls

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