The Board of India’s leading lender State Bank of India on Wednesday approved to raise up to Rs 20,000 crore in the current fiscal year by issuing long-term bonds.
The fundraising will be done through a public issue or a private placement.
“The Central Board at its meeting held today accorded approval for raising long term bonds up to an amount of Rs. 20,000 crore through a public issue or private placement, during FY25,” SBI said in a filing.
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