Processing .....please wait.. 
The article has been forwarded.... 
State Bank to raise $3.6 Billion by March 2010
Thursday, 18 December 2008, 00:09 IST
New Delhi: India's largest state-owned bank, the State Bank of India (SBI), will raise 
180 billion by March 2010 to meet its capital requirement, it announced Tuesday.
"The bank is planning to raise unsecured and rated Rupee Innovative Perpetual Debt Instruments, upper Tier or Lower Tier II subordinated debt by way of bonds or other capital instruments that RBI may permit from time to time, not exceeding $3.6 Billion (180 billion) during the remaining part of FY 2008-09 and FY 2009-10," SBI said in a regulatory statement.
Reserve Bank of India (RBI), is the country's central bank.
"The fund not exceeding 18,000 crore would be raised in tranches with a minimum maturity of over 60 months as per the RBI guidelines through structured deals or by private placement or retail participation," the State Bank of India said.
Source: IANS
180 billion by March 2010 to meet its capital requirement, it announced Tuesday.
"The bank is planning to raise unsecured and rated Rupee Innovative Perpetual Debt Instruments, upper Tier or Lower Tier II subordinated debt by way of bonds or other capital instruments that RBI may permit from time to time, not exceeding $3.6 Billion (180 billion) during the remaining part of FY 2008-09 and FY 2009-10," SBI said in a regulatory statement.
Reserve Bank of India (RBI), is the country's central bank.
"The fund not exceeding 18,000 crore would be raised in tranches with a minimum maturity of over 60 months as per the RBI guidelines through structured deals or by private placement or retail participation," the State Bank of India said.
Source: IANS