India: SBI eyes up to $1.5b capital raising next fiscal year

India: SBI eyes up to $1.5b capital raising next fiscal year

Arundhati Bhattacharya, Chairman of the State Bank of India attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 19, 2017. REUTERS/Ruben Sprich

India’s biggest lender by assets, State Bank of India, could tap capital markets next fiscal year to raise up to $1.5 billion, its chief said on Friday, though it first needs to complete a planned merger with its subsidiary banks.

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