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Analysts will follow the board meeting of State Bank of India on Wednesday that will consider a fund-raising plan. SBI’s board will examine the status of the company and decide on long-term fund-raising in single/multiple tranches up to $1,500 million (over ₹10,000 crore). The issue will be through a public offer and/or private placement of senior unsecured notes in US dollars or any other convertible currency during the financial year 2016-17, said SBI in a notification to the exchanges.
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