SBI Seeks ?10,000 Cr via Bond Sale

28 Oct 2023 CW Team

State Bank of India (SBI), the country's largest lender, has announced its intention to raise up to ?10,000 crore through a bond sale. This move comes as the bank aims to strengthen its capital base and meet the increasing demand for credit in various sectors.

To achieve this, SBI has decided to go ahead with the issuance of Basel III compliant debt instruments. These bonds will have a minimum maturity of 10 years, and the bank intends to offer these bonds to institutional investors, as well as retail investors.

With this fund-raising exercise, SBI aims to maintain its capital adequacy ratio, which indicates the bank's financial strength and ability to withstand any adverse economic conditions. As the demand for credit continues to rise across sectors like infrastructure, housing, and MSMEs, this bond sale will provide SBI with additional funds to meet these requirements and support economic growth.

The decision to utilize bond sales as a means of raising funds is a strategic move by SBI. This is mainly due to the lower

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

Real Estate

10 Jul 2026

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Real Estate

10 Jul 2026

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..