Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 2057)

2017-08-04 Banking

2057.

Which bank plans to raise Rs. 2,000 crore by allotting Basel-III compliant bonds to various investors?

Punjab National Bank

IDBI

Canara Bank

State Bank of India

Answer: Option

Explanation:

State Bank of India plans to raise Rs. 2,000 crore by allotting Basel-III compliant bonds to various investors. SBI said the bonds will carry a coupon rate of 8.15 per cent per annum with a call option after 5 years or the anniversary date thereafter.