 "SBI")
State Bank of India will seek the approval of its board, on Wednesday, to raise capital through additional tier-1 (AT1) and tier-II bonds from the markets in FY21.
This capital is expected to strengthen capacity, boost growth, and create a buffer. The state-owned bank is yet to disclose the amount it plans to raise.
It may issue AT1 and Tier-2 capital through the issuance of Basel-III compliant debt instruments — in dollar and domestic currency — during the present financial year.
Analysts said that at present, AT1 bond instruments do not have many takers in the market following YES Bank’s write-down of AT1
