Business Standard

Saturday, December 28, 2024 | 02:39 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

SBI to raise Rs 6,000 crore in capital through additional tier-I bonds

The country's largest lender raised Rs 4,000 cr via AT1 bonds last month

SBI
Premium

In September, SBI raised Rs 4,000 crore through AT1 bonds

Abhijit Lele Mumbai
State Bank of India, which raised Rs 4,000 crore in capital through additional tier I bonds (AT1 bonds) in September, is planning another round of AT1 bond issuance of Rs 6,000 crore to replace maturing securities.

Executives at the country’s largest lender said the bank had an adequate capital base to support business growth and meet regulatory norms.

Its capital adequacy ratio (CAR) stood at 13.66 per cent with tier-I of 11.32 per cent at the end of June. The Common Equity tier I (CET1) was 9.91 per cent and AT1 was 1.41 per cent in June.

The AT1 instrument

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in