SBI to decide on $3 billion fund raising on May 20

New Delhi: Country's largest bank State Bank of India (SBI) on Wednesday said it will consider raising USD 3 billion through public offer or private placement during the current fiscal.

The bank's Executive Committee of the Central Board will meet on May 20 to decide on the fundraising plans.

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The committee will "examine the status and decide on long term fund raising in single/multiple tranches of up to USD 3 Billion ...through a public offer and/or private placement of senior unsecured notes in US dollar or any other major foreign currency during FY 2025-26," SBI said in a regulatory filing.

Shares of SBI closed at Rs 800.35, down 0.19 per cent over previous close on BSE.

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