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SBI rises 1% on fund raising plan; increase stake in credit card

SBI rises 1% on fund raising plan; increase stake in credit card

Thursday, March 16, 2017, 11:16 AM

Shares of State Bank of India (SBI) rose 1% intraday Thursday as the company is going to raise Rs 15000 crore during FY 2017-18. The company has also received approval for infusing additional capital upto Rs 1160.04 crore in credit card JV companies, SBI Cards & Payment Services and GE Capital Business Process Management Services.
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