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