SBI Gets Board Approval to Raise Rs 8,000 crore to Comply Basel III

Posted on:29 Dec 2017 09:42:55
SBI Gets Board Approval to Raise Rs 8,000 crore to Comply Basel III
29 December 2017 Current Affairs: According to the country's largest lender, SBI, its board approved raising Rs 8,000 crore through various sources, including masala bonds, to meet Basel III capital norms.

Masala bonds are rupee denominated specialized debt instruments that can be floated in overseas markets only to raise capital.

Banks in India have to comply with the global capital norms under Basel III by March 2019, three months later than the internationally agreed time frame by January 2019.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs April 2018

24 APRIL
NEWS
23 APRIL
NEWS
22 APRIL
NEWS
21 APRIL
NEWS

Current Affairs March 2018

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS

Current Affairs February 2018

28 FEBRUARY
NEWS
27 FEBRUARY
NEWS
26 FEBRUARY
NEWS
25 FEBRUARY
NEWS