Regulatory

Rs 20,000 Crore raised by SBI for Infrastructure and Housing

A notification given from State bank of India for rising Rs 20,000 Crore for financing the affordable housing and the infrastructure by the long-term bond in the domestic and the overseas market in FY 2017-18 and FY 2018-19.

 

This fund rising would be done publically or by a private placement of unsecured notes in US dollars or in any other convertible currency and SBI has a closed share of 3.44 per cent higher at Rs 306.35 on BSE.

 

As the government provided the affordable housing and the infrastructure segment into the last year’s budget, it has given a momentum to a real estate sector and to the buyers of homes under Pradhan Mantri Awas Yojana .

Leave a Reply

Your email address will not be published. Required fields are marked *