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SBI to consider raising $1.2 billion through infrastructure bonds

The fundraising, if approved, would be through a public issue or private placement during fiscal 2023, the bank added

State bank of india, SBI
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Reuters
State Bank of India , the country's largest lender, said on Thursday it would consider raising funds by issuing up to 100 billion Indian rupees ($1.2 billion) of infrastructure bonds.

The executive committee of the central board of the bank will meet on Nov. 29 to consider the fundraising, which will also include a greenshoe option of 50 billion rupees, the bank said in a stock exchange filing. The fundraising, if approved, would be through a public issue or private placement during fiscal 2023, the bank added.

Analysts said in September that Indian banks might continue their fundraising

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First Published: Nov 24 2022 | 8:05 PM IST

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