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SBI planning to raise Rs 17,000 crore via bonds

State Bank of India (SBI) is planning to raise $2.5 billion (about Rs 17,000 crore) through bonds to fund expansion of overseas business. The executive committee of the central board will take a decision in this regard on April 24, 2019.

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

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