SBI may need to raise only up to Rs 9K cr in capital in FY22
The country's largest bank State Bank of India may raise only up to Rs 9,000 crore in capital through additional tier I bonds (AT1 bonds) in the current financial year (FY22) and could consider additional raising plan only next year to further enhance it's capital adequacy profile.
Sources said that most of the capital raised by the SBI would be used to finance the maturity of AT1 and Tier-II bond coming up this year. Source: PTI