SBI to raise Rs 5k crore through bonds for affordable housing

sbiBy Accommodation Times Bureau

NEW DELHI

On Tuesday, State Bank of India (SBI) said it proposes to raise Rs 5,000 crore to fund affordable housing through long-term bonds.

SBI said in a filing to stock exchanges, that the proposed bond raising programme aims at funding infrastructure and affordable housing.

For financing of infrastructure and affordable housing in a domestic and overseas market, the bank will seek approval of the board for issuance of long-term bonds of Rs 5,000 crore, it said.





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