The funds will be raised during this fiscal through a public offer and/or private placement of senior secured notes in US dollar or any other convertible currency, the state-run bank said MUMBAI : Directors of State Bank of India (SBI), the country’s largest lender, are slated to meet on 11 June to consider raising up to $1.5 billion in one or more tranches.
The funds will be raised during this fiscal through a public offer and/or private placement of senior secured notes in US dollar or any other convertible currency, the state-run bank said in a regulatory filing on Thursday, a day ahead of its March quarter results.