State Bank of India Plans $3 Billion Forex Debt Raise

The State Bank of India (SBI) announced plans to raise up to $3 billion through foreign currency bonds, aimed at funding international operations and general business needs. This move, approved by the bank's central board, aligns with SBI's strategy to bolster its global footprint and ensure ample liquidity. The debt will be raised in multiple tranches, reflecting the bank's confidence in accessing diverse international markets. This significant financial maneuver highlights SBI's proactive approach to sustaining growth and meeting its global operational requirements.



Related News

{{ news.title }}

Trending News

{{ news.title }}