State Bank of India
NSE: SBIN | Information Technology
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State Bank of India taps dollar bond market with five-year issue: Report
The State Bank of India is set to tap into the dollar debt market, aiming to raise a minimum of $500 million by issuing five-year bonds. Marketing for this public offering is underway, with expectations to finalize the sale within the week. This move follows a previous postponement of a larger issue due to escalating borrowing costs.
Read Full Analysis →State Bank of India taps dollar bond market with five-year issue
SBI is tapping the dollar debt market through the public issue and plans to raise funds through a sale of five-year bonds
Read Full Analysis →SBI's Q1 profit jumps 10% YoY on loan growth, beats Street estimates
State Bank of India announced a notable ten percent growth in net profit for the June quarter, driven by robust loan growth that amplified its operating income. The year-on-year increase of fifteen percent in net interest income signifies healthy core earnings from its lending activities. Additionally, the bank aims to raise ten billion dollars through specialized FCNR(B) deposit schemes.
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