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Board of State Bank of India approves extension of validity period for raising AT 1 capital

Capital Market 

At held on 13 April 2018

The of Central Board of at its held on 13 April 2018 has accorded its approval for extension of validity period for raising of AT 1 capital up to an amount of Rs 8000 crore till 31 March 2019 and accordingly authorised the Bank to raise up to an amount of Rs 8000 crore Additional Tier 1 capital, by way of issuance of Basel III compliant perpetual debt instrument in USD and /or INR at par through private placement to overseas and/or Indian investor.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, April 13 2018. 20:44 IST
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