NEW DELHI: Country's largest lender SBI - State Bank of India today said that it would raise up to Rs.11,000 cr via Basel III compliant debt instruments on a private placement basis.
The SBI has informed the BSE in a filing that the Committee of Directors for Capital Raising at its meeting held on 24th August, 2016 authorized the bank to raise up to Rs.11,100 cr additional tier 1 capital, through way of issue of Basel III compliant perpetual debt instrument in US dollars or/and INR, at par, via private placement to overseas or/and Indian investors.
SBI is among the top 500 shares recognized by Dynamic Levels researchers and analysts at the end of every quarter out of the 1700 shares on NSE. The scrip has strong fundamentals and financials. SBI has not made any loss in the last 2 quarters. The debt equity of the stock is less than 2 and its pledge is less than 25 per cent. The SBI share is safe for investment, as per market experts and analysts.
Currently, SBI share price is trading 0.08 per cent lower at Rs.254.55 on NSE today. It opened at Rs.254.95 from a previous closing of Rs.254.75. As of now, the day’s high stands at Rs.256.20 while the day’s low reads at Rs.253.50. So far, the traded volume stands at 86,99,625 shares having a traded value of Rs.22,146.64 lac.
For information on the resistance and support levels of the scrip, please visit SBI share price history.
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