Rs 2000 Crore SBI Retail Bond Hit The Market

India's Largest Bank State Bank of India has launched the largest Retail Bond in the history of Indian Business market with Rs 2000 Crores.

 

The bank will offer 10-year bonds forretail investors at 9.75% and for non-retail applicants at 9.30%. It will also offer interest of 9.45% on 15-year bonds to non-retail investors. In the first tranche, the bank will raise up to Rs 2,000 crore.

These Retail Bonds are different from fixed deposits and are not covered by deposit insurance....Read For More