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SBI plans to raise $2 billion through bonds

New Delhi, May 4 (PTI) Country’s largest bank SBI (State Bank of India) plans to raise $2 billion through bonds.

SBI said on Wednesday that its board of directors is going to meet next week to consider raising $2 billion through public issue of bonds or otherwise.

In a communication sent to the stock exchanges, SBI said that the executive committee of its central board will meet on May 10 in which this proposal will be considered.

SBI shares closed at Rs 479.60 on the BSE, down 2.27 per cent on Wednesday.

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