{"id":70280,"date":"2024-06-11T09:46:23","date_gmt":"2024-06-11T09:46:23","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/11\/state-bank-of-india-board-approves-raising-up-to-3-billion-via-debt-times-of-india\/"},"modified":"2024-06-11T09:46:23","modified_gmt":"2024-06-11T09:46:23","slug":"state-bank-of-india-board-approves-raising-up-to-3-billion-via-debt-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/11\/state-bank-of-india-board-approves-raising-up-to-3-billion-via-debt-times-of-india\/","title":{"rendered":"State Bank of India Board approves raising up to $3 billion via debt &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"225\" src=\"https:\/\/i2.wp.com\/static.toiimg.com\/thumb\/msid-110900470,imgsize-67796,width-400,resizemode-4\/110900470.jpg?resize=400,225&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"State Bank of India Board approves raising up to  billion via debt &#8211; Times of India\" title=\"State Bank of India Board approves raising up to  billion via debt &#8211; Times of India\" \/><\/div><p> <br \/>\n<\/p>\n<div data-articlebody=\"1\">\n<div class=\"T22zO\">\n<section class=\"D3Wk1  clearfix id-r-component leadmedia undefined undefined  VtlfQ\" style=\"top:0px\">\n<div class=\"D3Wk1\">\n<div class=\"zPaFh\">\n<div class=\"wJnIp\"><\/div>\n<\/div>\n<\/div>\n<div class=\"cj2hz img_cptn\"><span title=\"SBI did not disclose the intended use of the proceeds from the fundraising.\">SBI did not disclose the intended use of the proceeds from the fundraising.<\/span><\/div>\n<\/section>\n<\/div>\n<p>The <!-- -->State Bank of India<!-- --> (<!-- -->SBI<!-- -->), the nation&#8217;s biggest lender, announced on Tuesday that its board has given the green light to raise up to $3 billion through debt instruments in the present fiscal year.<br \/>The government-run bank will secure the funds in one or more installments via a public offering or a private placement of senior unsecured notes, which will be denominated in &#8220;U.S.<!-- -->dollars or another major foreign currency,&#8221; according to the bank&#8217;s statement.<br \/>SBI did not disclose the intended use of the proceeds from the fundraising, a Reuters report said.<br \/>Indian banks are strengthening their capital base to cater to the increasing demand for credit in the country.<br \/>Multiple government-owned banks, such as Canara Bank, Punjab and Sind Bank, and Punjab National Bank, have plans to raise capital through debt instruments in the current financial year.<br \/>Earlier this year, in January, SBI successfully raised 50 billion rupees (approximately $600 million) by issuing Basel III-compliant additional tier-I perpetual bonds.<br \/>Furthermore, SBI&#8217;s Chairman, Dinesh Kumar Khara, stated last month that the bank is also willing to raise equity capital to support its growth plans.<br \/>On Tuesday, SBI&#8217;s shares experienced a 0.8% increase, contributing to a total gain of 30.5% since the beginning of the year.<\/p>\n<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? 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The State Bank of India (SBI), the nation&#8217;s biggest lender, announced on Tuesday that its board has given the green light to raise up to $3 billion through debt instruments in the present fiscal year.The government-run bank will secure the funds in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":70281,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/thumb\/msid-110900470,imgsize-67796,width-400,resizemode-4\/110900470.jpg","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[5960,673,1289,4782,289,12496,273,28104,5798,1549,65333,65332,2480,3557,272],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/70280"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=70280"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/70280\/revisions"}],"predecessor-version":[{"id":70282,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/70280\/revisions\/70282"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/70281"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=70280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=70280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=70280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}