SBI to consider raising up to $1.5 billion

BENGALURU: India's biggest lender, State Bank of India, said on Thursday its board will meet on June 11 to consider raising funds in single or multiple tranches of up to $1.5 billion.

The bank said it will raise the funds during 2020-21 through a public offer, a private placement of senior secured notes in U.S. dollar or any other convertible currency.