The country's largest lender State Bank of India (SBI) on Tuesday said a committee of its central board will consider raising up to USD 2 billion (around Rs 14,942 crore) through bonds in this fiscal year.

The lender in its regularly filing said, “The Executive Committee of the Central Board of State Bank of India is scheduled to have a meeting on 28th April 2021 to consider, the proposal to examine the status and decide on long term fundraising in single/multiple tranches up to USD 2 Billion (USD Two Billion) under Reg-S/144A, through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during FY 2021 - 22.

Shares of STATE BANK OF INDIA was last closed in NSE at Rs. 354.20as compared to the previous close of Rs. 344.30. The total traded volume of shares traded during the day (Tuesday) was 4,60,03,023.

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