The Hindu Business Line : SBI to raise up to Rs 10,000 cr

State Bank of India proposes to raise up to Rs 10,000 crore of debt in tranches during the current financial year. The bank will raise capital by way of unsecured and rated rupee innovative perpetual debt instruments, upper Tier II, lower Tier II subordinated debt by way of bonds and any other capital instrument permitted by RBI, said a BSE notice. The bank will also utilise the balance Rs 1,285 crore available out of the Rs 5,000 crore approved in 2006-07 for rais0ing upper and lower Tier II subordinated debt. The bank's executive committee of the Central Board has approved the raising of capital through these debt instruments, said the notice.

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