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State Bank of India (SBI) proposes to raise capital worth Rs.8,000 crore via additional tier-I bonds (AT1 bonds) by March 2018.
The board of directors has given approval to raise additional tier-I capital (AT1) of Rs.8,000 crore via Basel-III compliant debt instruments.
Further, SBI has an option to issue bonds in domestic and international markets in rupee and US dollar, till March 31,2018. It can also issue masala bonds to international investors for raising AT1 capital.
