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The board of SBI has accorded its approval for raising the remaining Rs 5,000 crore of the Rs 12,000 crore fund raising programme via private placement of Basel-III compliant debt instruments.
The bank had announced in December for raising Rs 12,000 crore via issue of debt instruments in tranches.
It said in a BSE filing that “The Committee of Directors for Capital Raising met on March 9, 2016 to review the implementation of its resolution dated December 21, 2015 with regard to issue of debt instruments”.
