SBI raises ₹7,500 crores via first Basel III tier 2 bonds of FY24 at 7.42% coupon rate
State Bank of India (SBI) successfully raised ₹7,500 crores through its first Basel III compliant Tier 2 bond issuance of FY24, attracting bids surpassing ₹8,800 crores with a 7.42% coupon rate.