The State Bank of India, which is the largest public sector lender, has been planning to raise Rs 5,000 crore through infrastructure bonds that will be helping it to reduce its dependency on core deposits to lend to customers and will also help in reducing overall cost of funds.

The bank, according to a report, is in the preliminary stage, yet is hoping to raise funds in the third quarter of the ongoing fiscal.

Read EquityPandit’s BankNifty Outlook for this week