Tag: State Bank of India

New Delhi, July 11, 2024. State Bank of India (SBI) on Wednesday said it has raised Rs 10,000 crore through its sixth infrastructure bond issuance, offering a coupon of 7.36 per cent. The issue received bids in excess of Rs 18,145 crore and was oversubscribed by around 3.6 times against the base issue size of Rs 5,000 crore, the bank said. The total number of bids received was 120 from investors across segments, including provident funds, pension funds, insurance companies, mutual funds and corporates. The proceeds of bonds, having maturity of 15 years, will be utilized in enhancing long-term resources for funding infrastructure and affordable housing segments, the lender said. “This issuance will help in developing a long-term bond curve and encourage other banks to issue b...

New Delhi, June 30, 2023. Government of India has notified the Electoral Bond Scheme 2018 vide Gazette Notification No. 20 dated 2nd January 2018 (as amended vide Gazette Notification dated 7th November, 2022). As per provisions of the Scheme, Electoral Bonds may be purchased by a person (as defined in item No. 2 (d) of Gazette Notification), who is a citizen of India or incorporated or established in India. A person being an individual can buy Electoral Bonds, either singly or jointly with other individuals. Only the Political Parties registered under Section 29A of the Representation of the People Act, 1951 (43 of 1951) and which secured not less than one per cent of the votes polled in the last General Election to the House of the People or the Legislative Assembly of the S...