BUSINESS
The State Bank of India board has approved raising Rs100 billion via tier II bonds. It will raise funds in FY 11 and FY 12. SBI will raise up to Rs20 billion of these funds via retail bonds.
The State Bank of India (SBI) board has approved raising Rs100 billion via tier II bonds. It will raise funds in FY 11 and FY 12. SBI will raise up to Rs20 billion of these funds via retail bonds.