Last month, SBI's board had provided approval for raising up to Rs 11,000 crore via additional tier-I and tier-II bonds to meet regulatory requirements and support business growth
State Bank of India (SBI) on Wednesday received the board's approval to raise up to Rs 11,000 crore through issuance of bonds.
To comply with Basel-III capital regulations, banks need to improve and strengthen their capital planning processes
Some analysts question whether SBI's bond sale will revive offshore issuance even if its deal is successful
The outlook on all the long-term ratings is positive
Traders are hoarding and hunting SBI's perpetual notes by betting it will buy them back within 10 weeks