State Bank of India (SBI) raised Rs 10,000 crore today at a coupon rate of 7.23% through its seventh infrastructure bond issuance. The issue attracted overwhelming response from investors with bids in excess of Rs 11,500 crore and was oversubscribed in excess of 2 times against the base issue size of Rs 5,000 crore. The total number of bids received was 85 indicating wider participation with heterogeneity of bids. The investors were across provident funds, pension funds, insurance companies, mutual funds etc. The proceeds of bonds will be utilized in enhancing long term resources for funding infrastructure and affordable housing segment.Based on the response, the Bank has decided to accept Rs 10,000 crore at a coupon rate of 7.23% payable annually for a tenor of 15 years. The instrument is rated AAA with stable outlook. Powered by Capital Market - Live News

Net profit of State Bank of India rose 22.88% to Rs 19782.76 crore in the quarter ended September 2024 as against Rs 16099.58 crore during the previous quarter ended September 2023. Total Operating Income rose 12.71% to Rs 121044.68 crore in the quarter ended September 2024 as against Rs 107390.78 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Total Operating Income121044.68107390.78 13 OPM %48.1944.72 - PBDT27474.3121935.71 25 PBT27474.3121935.71 25 NP19782.7616099.58 23 Powered by Capital Market - Live News

The Board of State Bank of India at its meeting held on 08 November 2024 has accorded approval for raising Long Term Bonds up to an amount of Rs 20,000 crore through a public issue or private placement, during FY 25. Powered by Capital Market - Live News

State Bank of India will hold a meeting of the Board of Directors of the Company on 8 November 2024.Powered by Capital Market - Live News

CRISIL Ratings has assigned its `CRISIL AA+/Stable` rating to the Rs 5,000 crore Tier I Bonds under Basel III of State Bank ofIndia and has reaffirmed its `CRISIL AAA/CRISIL AA+/Stable/CRISIL A1+` ratings on the other debt instruments. Powered by Capital Market - Live News