No overseas bond tap plans: SBI

“More (bonds issues) will come but not so soon because we raised about a billion dollar in July. We have raised the equivalent of about US$5 billion by now. This has been the biggest issue by the Indian banking industry in euro,” Chairman O P Bhatt said. On its proposed rights offer, Bhatt said it will be of the tune of Rs 20,000 crore and will be issued by March, 2011.The government holds about 59 per cent stake in SBI.

Comments (+)