“Pursuant to Regulation 29 (1) (d) and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we inform that a meeting of the Executive Committee of the Central Board of State Bank of India is scheduled to be held on Tuesday, 29th November, 2022 to consider inter alia, the following: To seek approval for raising of Infrastructure Bonds up to an amount of ₹10,000 crores (including a green shoe option of ₹5,000 crores) through a public issue or private placement, during FY23," the bank had informed in a regulatory filing on 24 November.
The shares of State Bank of India were trading below at 0.06% to ₹608.35 apiece at the BSE at 11 am.
SBI posted a surge of 74 per cent in its net profit to ₹13,264 crore, against ₹7,627 crore in the year-ago period. In the lender's statement, SBI said its net interest income grew 12.8 per cent to ₹35,183 crore. Home loan portfolio grew 14 per cent to ₹5.94 lakh crore and accounted for more than half its retail portfolio of ₹10.7 lakh crore. It also said corporate loans surged 21 per cent year on year to ₹9.2 lakh crore.
SBI Chairman Dinesh Khara said that although bank credit had been growing twice as fast as deposits, SBI has a large base of deposits. "We have ₹3.5 lakh crore, which was invested in liquid instruments when there was not enough opportunity to lend. We can now use this for funding credit growth," the chairman said.
