By Malvika Gurung
Investing.com -- The country’s largest lender State Bank of India (NS: SBI ) will be under focus on Tuesday as its board will conduct a meeting on the day for consideration of fundraising by issuing infrastructure bonds.
As per the intimation to domestic bourses, the public sector lender informed that the Executive Committee of its central board will hold a meeting on Nov 29, 2022, to consider and seek approval for raising Infrastructure Bonds of an amount no more than Rs 10,000 crore, along with a green shoe option of Rs 5,000 crore.
The approval for infrastructure bonds up to Rs 10,000 crore will be conducted through a public issue or private placement during FY23.
On Saturday, the state-owned lending behemoth’s chairman Dinesh Khara said that SBI posted the highest-ever profits recorded by any corporate house, asserting the analysts and broking houses praising the lender’s financial performance.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.