SBI TO RAISE RS 500-CR TIER II CAPITAL

State Bank of India has informed that the executive committee of the central board of the bank has accorded approval for raising Tier II capital by way of public issue of lower Tier-II bonds for Rs 500 crore with an option to retain 100 per cent over-subscription (green shoe option).

Source: http://www.thehindubusinessline.com/businessline/blnus/17071601.htm