State Bank of India plans to raise Rs 10,000 crore worth of infrastructure bonds during the current financial year. SBI confirmed the meeting of the Executive Committee of the Central Board of State Bank of India to seek approval for raising infrastructure bonds to Rs 10,000 crore through public issues or private placement.
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State Bank of India is an Indian Multinational public sector bank and financial services statutory body headquartered in Mumbai. SBI is the 49th largest bank in the world by total assets and ranked 221st in the Fortune Global 500 list. It is only Indian Bank on the list. The bank was founded on 1st July 1955.
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