The country's largest lender SBI on Tuesday said its board has approved raising up to $2 billion (about Rs 15,430 crore) from the overseas market during the current fiscal to fund foreign business growth.

Share Market Live

NSE

The central board has approved raising of funds through single or multiple tranches, SBI said in a regulatory filing.

The long-term funds of up to $2 billion would be raised through a public offer and/or private placement of senior unsecured notes in US dollar or any other convertible currency during 2022-23, it added.

Also Read:

Zerodha founder warns that ESOPs of many firms issued in the last three years will be out of money

(Edited by : Asmita Pant)