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State Bank of India to raise upto Rs. 9,576 crore via FPO or share sale
Earlier, Arundhati Bhattacharya, Chairperson of State Bank of India, said that the bank shall raise up to Rs 5,000 crore through bonds (debt) by the fiscal end.
An increase in non-performing assets from 2.84 per cent to 2.91 per cent, resulting in lower net profit of Rs 2375 crores in the second quarter of financial year 2013-2014, is propelling the bank to mobilize funds at a rapid pace.
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