US-based global brokerage says capex cycle theme drives several of its top picks; other factors include govt mfg push, SOE reforms, penetration stories, financialisation of savings, consumer ideas
The U.S. dollar-denominated senior unsecured notes will be part of the India-based bank's $10 billion medium-term note programme.
SBI’s NII surged 12.27% to ₹39,500 cr, while NIM stood at 3.43, down 12 bps YoY
The funds will be raised by the issue of debt instruments, including Basel III compliant additional tier 1 and tier 2 bonds
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.
Fundraising also includes a greenshoe option of ₹5,000 cr. SBI stock rises to an intra-day high of ₹613.50.
