State Bank of India announced that its board had approved to raise INR 20000 crore through long-term bonds for affordable housing and infrastructure projects as reported by PTI.
Business
oi-Archana
By Archana
State Bank of India announced that its board had approved to raise INR 20000 crore through long-term bonds for affordable housing and infrastructure projects as reported by PTI.
SBI To Raise Funds For Housing & Infra
The bank did not mention whether the borrowing will be in rupee denomination or foreign currency.
SBI had recently announced plans to raise up to USD 2 billion by the issue of bonds in US dollar or through other convertible currency to fund its overseas expansion.
It said that it would raise funds through a public offer or private placement of senior unsecured notes in US dollar or any other convertible currency during 2017-2017 and 2018-2019.
The affordable housing segment is showing a good response after the government provided infrastructure to it in the last year's budget.
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google