Committee Meeting on Dec 21, 2015

| Updated on December 16, 2015 Published on December 16, 2015

State Bank of India has informed BSE that a Meeting of the Committee of Directors, is scheduled to be held on December 21, 2015, inter alia, to consider the following:

1. To examine the requirements and preparedness of drafting the Annual Information Memorandum required to be submitted to Stock Exchanges in terms of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2015.

2. To authorize the chairman to fix the date, time and venue of a meeting of the shareholders, to be convened at an appropriate time, seeking umbrella approval, for one year, for raising capital by way of Preferential issue/QIP/ FPO / Rights Issue/GDR/ADR and /or any other mode(s) or a combination(s) thereof, as may be approved by GoI & RBI, such number of Equity Shares of such amount, as may be decided by the Committee of Directors for Capital Raising.

3. To examine the status and decide on requirements of raising additional Non-Equity capital, by way of AT-I and/or Tier II bonds in USD/INR considered as regulatory capital under Basel III guidelines, to be issued to Indian and/or overseas investors, in one or more tranches, through a Public offer and/or Private placement.

Source : BSE - >www.bseindia.com

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Published on December 16, 2015
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