State Bk.in.gdr Regulatory News (SBID)

To RNS

LISTING AGREEMENT: CLAUSE 36 AUGMENTATION OF TIER II CAPITAL THROUGH PUBLIC ISSUE OF BONDS

In terms of clause 36 of the Listing Agreement, we advise that the Executive Committee of the Central Board of the Bank, in its meeting on 30.12.2010, has accorded approval for raising the Capital for an aggregate amount of Rs. 10,000 crore by way of Public Issue of Subordinated Bonds (Lower Tier II Bonds) during the remaining period of FY 2010-11 and in FY 2011-12, in different tranches and also for raising of Rs.1,000 crore with a green shoe option to retain Rs. 1,000 crore, along with an option to retain any amount of oversubscription under the Retail Category beyond Rs. 2000 crore but up to the rated amount of Rs. 10,000 crores, in the first tranche.

FromGeneral ManagerState Bank of India