Key Points
State Bank of India, the country's largest lender, said on Tuesday that its board has approved raising up to $3 billion via debt in the current financial year...
The state-run lender will raise the funds in one or more tranches through a public offer or a private placement of senior unsecured notes, which will be denominated in U.S. dollars or another major foreign currency, it said...
Several state run-lenders, including Canara Bank, Punjab and Sind Bank and Punjab National Bank , plan to raise funds via debt this fiscal year...
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