On 29 November 2022, the board of directors’ meeting will schedule for the approval raising of infrastructure bonds up to an amount of Rs 10,000 crore through private placement or public issue. The company has to increase funds through infrastructure bonds of Rs 10,000 crore, which include a green shoe option of Rs 5,000 crore through private placement.
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This bank works under the statutory body in financial services and public sector banking. Also, the Government of India (GOI) holds shares in the company at 57.52 per cent.
On a consolidated basis, the net profit of PSU bank reported a 73.93 per cent to Rs 13,264.52 crore on a 14.22 per cent rise in total income to Rs 88,733.86 crore in the second quarter of FY23 over in the second quarter of FY22. On the Bombay Stock Exchange (BSE), the State Bank of India hit a high of 0.46 per cent to Rs 612.15.
