Hot Pursuit     22-Feb-23
SBI raises Rs 4,544 cr via allotment of AT-1 bonds
State Bank of India (SBI) announced that it has raised Rs 4,544 crore through allotment of Basel III compliant AT-1 bonds in the nature of debentures.
These non-convertible, taxable, perpetual, subordinated, unsecured, fully paid up Basel III compliant AT- 1 bonds in the nature of debentures have a coupon rate of 8.20% p.a. The bonds are perpetual and there is no maturity date.

The AT-1 bonds are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) of India.

State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body. As of 31 December 2022, the Government of India held 57.50% stake in the bank.

The PSU major reported 68.47% jump in standalone net profit to Rs 14,205.34 crore on a 25.18% rise in total income to Rs 98,083.77 crore in Q3 FY23 over Q3 FY22.

The scrip declined 1.41% to currently trade at Rs 515.85 on the BSE.

Previous News
  Nifty September futures trade at premium
 ( Market Commentary - Futures Market 24-Sep-24   16:23 )
  Nifty May futures trade at premium
 ( Market Commentary - Futures Market 15-May-24   16:30 )
  Bank SBI Indonesia inducts Bank KEB Hana as minority shareholder
 ( Corporate News - 12-Sep-24   09:50 )
  State Bank of India Board to approve raising long term bonds for FY25
 ( Corporate News - 12-Jun-24   15:06 )
  State Bank of India
 ( Results - Analysis 10-May-24   08:50 )
  State Bank of India
 ( Analyst Meet / AGM - Conference Call 05-Nov-23   16:42 )
  Nifty June futures trade at premium
 ( Market Commentary - Futures Market 12-Jun-24   16:30 )
  Sensex climbs 303 pts; PSU banks advance
 ( Market Commentary - Mid-Session 28-Jun-24   10:33 )
  Nifty October futures trade at premium
 ( Market Commentary - Futures Market 01-Oct-24   16:32 )
  State Bank of India to convene board meeting
 ( Corporate News - 25-Oct-23   15:31 )
  State Bank of India allots long term bonds aggregating Rs 10,000 cr
 ( Corporate News - 27-Jun-24   17:00 )
Other Stories
  Tata Motors total sales drop 11% YoY in Sept’24
  01-Oct-24   15:33
  Vipul Organics hits all-time high after board OKs Rs 25 cr right issue
  01-Oct-24   15:06
  Magellanic Cloud Ltd leads losers in 'A' group
  01-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  01-Oct-24   14:45
  GE Power India rises on bagging order worth Rs 240-cr
  01-Oct-24   14:41
  Volumes jump at Caplin Point Laboratories Ltd counter
  01-Oct-24   14:30
  TVS Motor registers 20% growth in September 2024 sales; Q2 total sales at 12.28 lakh units
  01-Oct-24   14:07
  Oil and Gas shares slide
  01-Oct-24   14:00
  Telecom shares fall
  01-Oct-24   14:00
  Real Estate stocks slide
  01-Oct-24   14:00
Back Top