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India News

SBI Plans ₹25,000 Crore Fundraise, Reports Modest Profit Growth for Q1FY25

On August 3, State Bank of India (SBI) released its financial results for the April-June quarter of fiscal year 2024-25 (Q1FY25). The state-owned banking giant disclosed plans to raise up to ₹25,000 crore through Tier-1 and Tier-2 bonds this fiscal year, pending government approval. In its regulatory filing, SBI outlined its intent to issue Basel III compliant Additional Tier 1…