SBI to raise Rs 4,116 crore by issuing Basel III compliant bonds
Updated : November 02, 2018 04:03:00 IST
The committee of the directors for capital raising has accorded approval to allot Basel III compliant debt instruments qualifying as tier 2 capital of the bank, SBI said in a regulatory filing.
The interests are to be paid annually for a tenor of 10 years with call option after 5 years to various bond subscribers, SBI said.
Published : November 02, 2018 04:03 PM IST