You are here: Home » Finance » News » Banks
Business Standard

SBI to raise Rs 15,000 cr in FY18

SBI executive said nod from the board is an enabling provision

Abhijit Lele  |  Mumbai 

SBI to raise Rs 15,000 cr in FY18

The board of of India (SBI) on Wednesday  gave a nod for raising equity capital up to Rs 15,000 crore in the next financial year to shore up capital adequacy. The approval is given to raise equity capital through routes like follow-on public offering (FPO), rights offering, overseas placement and employee stock options, informed the

executive said nod from the board is an enabling provision.  The would raise capital from the market at an opportune time, subject to approval from government of India, its majority owner, and banking regulator Reserve of India.

The capital adequacy ratio stood at 13.73 per cent, with tier I at 10.65 per cent on December 31, 2016. has strong capital base to support growth.

RECOMMENDED FOR YOU

SBI to raise Rs 15,000 cr in FY18

SBI executive said nod from the board is an enabling provision

SBI executive said nod from the board is an enabling provision
The board of of India (SBI) on Wednesday  gave a nod for raising equity capital up to Rs 15,000 crore in the next financial year to shore up capital adequacy. The approval is given to raise equity capital through routes like follow-on public offering (FPO), rights offering, overseas placement and employee stock options, informed the

executive said nod from the board is an enabling provision.  The would raise capital from the market at an opportune time, subject to approval from government of India, its majority owner, and banking regulator Reserve of India.

The capital adequacy ratio stood at 13.73 per cent, with tier I at 10.65 per cent on December 31, 2016. has strong capital base to support growth.

image
Business Standard
177 22

SBI to raise Rs 15,000 cr in FY18

SBI executive said nod from the board is an enabling provision

The board of of India (SBI) on Wednesday  gave a nod for raising equity capital up to Rs 15,000 crore in the next financial year to shore up capital adequacy. The approval is given to raise equity capital through routes like follow-on public offering (FPO), rights offering, overseas placement and employee stock options, informed the

executive said nod from the board is an enabling provision.  The would raise capital from the market at an opportune time, subject to approval from government of India, its majority owner, and banking regulator Reserve of India.

The capital adequacy ratio stood at 13.73 per cent, with tier I at 10.65 per cent on December 31, 2016. has strong capital base to support growth.

image
Business Standard
177 22