STATE BANK OF INDIA : BOARD APPROVES FUND RAISING UP TO RS 60,000 CR

• Board accorded approval for raising funds in INR and/or any other convertible currency by issue of debt instruments. • Instruments include Long Term Bonds, Basel III compliant Additional Tier 1 Bonds, Basel III compliant Tier 2 Bonds. • Funds to be raised through public offer or private placement mode to Indian and/or Overseas investors. • Raising planned during FY27, subject to GOI approval wherever required. • Board meeting commenced at 10.00 am and concluded at 1.15 pm.

State Bank of India

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