State Bank of India (SBI), the country’s largest public sector lender, has successfully raised ₹5,000 crores through its first Basel III compliant Additional Tier 1 (AT1) bond issuance for the current financial year. This issuance was completed at a competitive coupon rate of 7.98%, marking a significant move by the bank in diversifying and strengthening […]
Pearson (FTSE: PSON.L), the world’s leading learning company, has announced an enhanced strategic partnership with Veranda Race, a Veranda Learning enterprise renowned in the test preparation sector, to launch a comprehensive hybrid test preparation content for the Bank Probationary Officers (Bank PO) examination in India. Over 3 million students prepare for this examination annually, highlighting […]
In a striking move that underscores the strength and vibrancy of India’s financial market, the State Bank of India (SBI), the nation’s premier lender, has triumphantly raised a whopping Rs. 10,000 crores through its fourth infrastructure bond issuance. This latest SBI venture became the talk of the town, attracting a staggering oversubscription of over five […]