At meeting held on 24 September 2014
State Bank of India announced that in terms of the provisions of Section 4 of the State Bank of India Act, 1955, the Central Board of the Bank at its meeting held on 24 September 2014 has considered and accorded its approval to the following:-1. To reduce the face value of equity shares of the Bank from Rs. 10 per share to Rs. 1 per share and to increase the number of issued shares in proportion thereof.
2. To arrange to mirror the reduction in face value of equity shares in existing GDR programme.
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