SBI, other PSU Banks hit Bond Street to raise Rs 20,000 cr by month-end

August 21, 2024

State-owned banks, including SBI and Bank of Baroda, aimed to raise nearly ₹20,000 crore by month’s end through debt markets, responding to a credit growth outpacing deposit growth. SBI planned to raise ₹5,000 crore-10,000 crore with tier-2 bonds, and Canara Bank would issue AT-1 bonds worth up to ₹4,000 crore to meet financial demands.

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