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The State Bank of India has received shareholders’ approval for raising up to Rs 15,000 crore by public issue or overseas issuance of shares.
SBI had informed in January about its plans to raise this sum of Rs 15,000 crore by March 2017.
The bank has said in a BSE filing that “The General Meeting was convened to obtain the shareholders’ approval, to create, offer, issue and allot such number of equity shares of Re 1 each, not exceeding Rs 15,000 crore or such amount as may be approved by the Government and the RBI”.
