SBI Shelves $1.7 Billion Fundraising

State Bank of India (SBI), the country's largest lender by assets, is shelving plans to raise funds this fiscal year, discouraged by elevated bond yields despite a policy rate cut and liquidity boost from the central bank, three sources aware of the matter said on Monday.

- Reuters

The bank had planned to raise as much as ₹15,000 crore (about $1.7 billion) through the sale of bonds before the end of March, but will now tap the market in the next financial year that starts in April, the sources said.