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SBI Board Approves Fund: The State Bank of India board has approved raising up to $3 billion (Rs 25,073 crore) through debt in financial year 2025. The country's largest lender SBI gave this information in a stock exchange filing on June 11 (Tuesday).

SBI said that the bank will raise funds through a public offering or private placement of senior secured notes in one or more tranches, which will be in US dollars or another major foreign currency. However, SBI has not given information about where the money will be used. Indian banks are increasing their capital base to meet the increasing demand for loans. Let us tell you, many PSU lenders are planning to raise funds this financial year.

25,073 State Bank is preparing to raise crores, Know how much was raised before this ?

SBI Board Approves Fund: Several PSU lenders, including Canara Bank, Punjab & Sind Bank and Punjab National Bank, are planning to raise funds through debt this fiscal. In January, SBI raised Rs 5,000 crore by selling 'Basel III-compliant additional tier-I perpetual bonds'.

The bank is also set to raise equity capital to support growth

Chairman Dinesh Kumar Khara had said last month that the lender is also open to raising equity capital to support growth. On Tuesday, SBI shares closed 0.44% higher at Rs 835.50. Its market cap is Rs 7.45 lakh crore.

SBI The stock of has given its investors 100% returns in one year 44.39% Gave returns

SBI's stock has increased by 3.30% in the last one month and 36.02% in the last six months. At the same time, the company's stock has given 44.39% return to its investors in one year.

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