Which bank plans to raise Rs. 2,000 crore by allotting Basel-III compl – InterviewSolution

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1.	Which bank plans to raise Rs. 2,000 crore by allotting Basel-III compliant bonds to various investors?
Answer» State Bank of India plans to raise Rs. 2,000 crore by allotting Basel-III compliant bonds to various investors. SBI said the bonds will carry a coupon rate of 8.15 per cent per annum with a call option after 5 years or the anniversary date thereafter.

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