SBI projects outstanding profit; Stock jumps

India’s largest lender State Bank of India (SBI) today announced results for the second quarter of the current financial year. Shares of SBI closed 3.77% on the NSE after it has reported good numbers for the second quarter ended September 2018.

SBI gets approval to raise Rs. 5,000 crore via bonds

Country’s largest lender, State Bank of India (SBI) has received its board’s approval to raise Base-III compliant Tier-2 bonds up to Rs. 5,000 crore during fiscal year 2019, through a public offer/private placement, the lender said in a statement.