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SBI raises Rs 7,500 cr via Basel III compliant Tier 2 bonds

SBI raises Rs 7,500 cr via Basel III compliant Tier 2 bonds

Aug 28, 2024, at 10:55 pm

Mumbai: State Bank of India (SBI), the country’s largest lender, raised Rs 7,500 crore today at a coupon rate of 7.42% through its first Basel III compliant Tier 2 bond issuance for the current financial year, the lender said in a press release on Wednesday.