REG - State Bank Of India - SEBI Listing Regulation Compliance <Origin Href="QuoteRef">SBI.NS</Origin>

State Bank Of IndiaAnnouncement

05/01/2016 14:32

RNS Number : 4017K
State Bank Of India
30 December 2015
The Executive Director
The BSE Ltd. 21.12.2015
Phiroze Jeejeebhoy Tower,
25th Floor, Dalal Street, CC/S&B/MJ/
Mumbai - 400001
Dear Sir/Madam,
SEBI listing Regulation: Outcome of meeting of Committee of Directors
In terms of Regulation 30 (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we advise that the Committee of Directors, duly authorized by the Board, in their meeting today, inter-alia authorized the Bank to raise upto Rs.12,000 crores (Rupees Twelve thousand crores), by way of issue of Basel III compliant Tier II bonds, at par, through private placement, in such number of tranche(s), at such time(s) as may be considered appropriate and on such coupon(s) as may be decided at the time of actual issuance. 
 2. Please arrange to take said outcome on record. 
Yours faithfully,
 
 
(Rashmi Prasad)
General Manager
Encl: as above

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