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SBI to raise Rs 5,000 cr by March

SBI to raise Rs 5,000 cr by March

Before next March, the State Bank of India (SBI) plans to raise Tier-II capital of about Rs 5,000 crore. The bank had announced earlier that it plans to raise over Rs 9,000 crore in Tier-I capital through the qualified institutional placement (QIP) route to strengthen its core capital.