SBI to raise Rs 25,000 crore in AT1, tier II capital in current fiscal

The capital is expected to strengthen the bank's capacity to growth business and create buffers to withstand shocks

State Bank of India (SBI) will raise Rs 25,000 crore capital through additional tier-1 (AT1) and tier-II bonds from the market in FY21. This capital is expected to strengthen capacity to grow business and create buffers to withstand shocks.

It will raise AT1 and tier-II capital by way of issuance of Basel III-compliant debt instruments in dollars and domestic currency in the current financial year. SBI, in an exchange filing, said its board had given nod to raise fresh AT1 capital upto Rs 4,000 crore subject to the Centre’s concurrence. Its directors also gave nod to raise fresh tier-II capital up