Monday, December 23, 2024 | 06:18 AM ISTEN Hindi

Home / Markets / News / SBI nears record high on fundraising plan; stock rises 7% in six days

SBI nears record high on fundraising plan; stock rises 7% in six days

The meeting of the bank's central board is scheduled to be held on Monday, July 1, to consider raising capital via Basel-III compliant debt instruments during the financial year 2020.

SBI plans to mop up Rs 5,000-crore debt capital via tier-II bonds

Premium

SI Reporter Mumbai

2 min read Last Updated : Jun 27 2019 | 11:18 AM IST

State Bank of India (SBI) shares were trading 1 per cent higher at Rs 362 on the BSE, after the state-owned lender said its board will consider raising capital additional tier-1 capital. The stock was trading close to its all-time high of Rs 364 touched on May 23, 2019 in intra-day trade.

The meeting of the bank's central board is scheduled to be held on Monday, July 1, to consider raising capital via Basel-III compliant debt instruments during the financial year 2020, SBI said in the filing after market hours on Wednesday.

SBI was trading higher for the sixth

Topics : Buzzing stocks State Bank of India SBI

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