The board of directors of State Bank of India will meet on Wednesday to seek approval, valid till March 31, 2018, to raise additional tier-1 capital from domestic and international markets. Investors will closely monitor the quantum of funds the PSU bank plans to raise this fiscal.
Also, on the investors’ radar would be the coupon rate that SBI will offer to the AT1 bonds and the timing of the fund-raising plans. Shareholders will closely monitor the development.