SBI approves fund raising of Rs. 10,000 crore

The Central Board of the State Bank of India at its Meeting held today i.e., 14.12.2022, accorded approval for raising capital by way of issuance of Basel III compliant debt instrument in INR and / or any other convertible currency, upto FY24.

The board approved raising fresh Additional Tier 1 (AT1) Capital up to an amount of Rs. 10,000 crore, subject to Govt. of India concurrence.

Shares of State Bank of India was last trading in BSE at Rs. 625.55 as compared to the previous close of Rs. 616.65. The total number of shares traded during the day was 657396 in over 15175 trades.

The stock hit an intraday high of Rs. 626.50 and intraday low of 617.35. The net turnover during the day was Rs. 409851872.00.

Source : Equity Bulls

Keywords

StateBankofIndia INE062A01020 SBI FundRaising AT1 INR1000