SBI raises $1 bn through Syndicated Social Loan

State Bank of India has concluded USD 1 billion (USD 500 million and greenshoe of USD 500 million) through Syndicated Social Loan. This is the first social loan raised by State Bank of India ever. The loan book was closed on 24th February 2023.

Shares of State Bank of India was last trading in BSE at Rs. 522.75 as compared to the previous close of Rs. 527.95. The total number of shares traded during the day was 589521 in over 13933 trades.

The stock hit an intraday high of Rs. 528.00 and intraday low of 521.70. The net turnover during the day was Rs. 309305444.00.

Source : Equity Bulls

Keywords

StateBankofIndia INE062A01020 SBIN FundRaising SocialLoan