State Bank Of India To Consider Raising Up To $1.5 Billion

SBI said it will raise funds during 2020-21 through a public offer, a private placement of senior secured notes in US dollar.

State Bank Of India To Consider Raising Up To $1.5 Billion

The country's biggest lender, State Bank of India, said on Thursday its board will meet on June 11 to consider raising funds in single or multiple tranches of up to $1.5 billion.

The bank said it will raise the funds during 2020-21 through a public offer, a private placement of senior secured notes in US dollar or any other convertible currency.