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

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