![SBI board approves $2 bn fundraise via offshore bonds; stock down](https://images.assettype.com/fortuneindia%2F2022-11%2F5c95edaa-d2d0-4278-b095-ab5ff5e8b826%2FSBI_05068_copy_2__1_.jpg?w=300&q=95)
SBI board approves $2 bn fundraise via offshore bonds; stock down
Latest fundraising comes a month after the Dinesh Khara-led public sector lender raised ₹3,717 crore through Tier 1 bond at a coupon rate of 8.25%.
Latest fundraising comes a month after the Dinesh Khara-led public sector lender raised ₹3,717 crore through Tier 1 bond at a coupon rate of 8.25%.
The robust growth in Q3 FY23 has been attributed to strong growth in its core income and a reduction in provisions.
SBI Q3 results: The PSU bank continued to report improvement in asset quality, with gross NPA falling to 4.5% in Q3 FY22, from 4.77% in the year-ago period, and 4.9% in Q2FY22.