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SBI Shelves $1.7 Billion Fundraising
Mint Bangalore
|March 18, 2025
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.
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.
Dit verhaal komt uit de March 18, 2025-editie van Mint Bangalore.
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