The largest bank India is now a big behemoth with almost everything being related to finance and capital markets witnessing good growth.
In Fact SBI has now sbicapsec as well as SBI Insurance and SBI housing which are giving the private companies a run for their money.
SBI will be raising about 28000 crores via bonds for their capital growth.
We have enough cushion. Around Rs 28,000 crore headroom is available for raising subordinated bonds as and when required," a top SBI official told PTI.
The bank has huge profits of about Rs 9,121.2 crore in 2008-09 which is a 36 percent rise compared to previous year.
Rights Issue last year
Last year SBI had raised Rs 16,736.31 crore from rights issue at RS 1580 per share.
The bank is largest when it comes to touching the customers with about 17,979 customer service points.