Business & Finance
State Bank of India plans to raise $5bn via offshore loans
NEW DELHI : State Bank of India, the country's largest lender, plans to raise $5 billion via overseas loans in the curre
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Pratip Chaudhury also said the bank had no plans to raise funds via Tier II bonds.
He had told Reuters in mid-May that the bank would raise $3 billion to $4 billion in offshore debt in FY12.
Copyright Reuters, 2011