State Bank of India , the country's largest lender, said on Thursday it would consider raising funds by issuing up to 100 billion Indian rupees ($1.2 billion) of infrastructure bonds.
The executive committee of the central board of the bank will meet on Nov. 29 to consider the fundraising, which will also include a greenshoe option of 50 billion rupees, the bank said in a stock exchange filing. The fundraising, if approved, would be through a public issue or private placement during fiscal 2023, the bank added.
Analysts said in September that Indian banks might continue their fundraising
The executive committee of the central board of the bank will meet on Nov. 29 to consider the fundraising, which will also include a greenshoe option of 50 billion rupees, the bank said in a stock exchange filing. The fundraising, if approved, would be through a public issue or private placement during fiscal 2023, the bank added.
Analysts said in September that Indian banks might continue their fundraising
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