STATE BANK OF INDIA - Updates

With reference to the earlier letter dated February 18, 2016, State Bank of India has now informed BSE that the Committee of Directors for Capital Raising met on March 09, 2016 to review the implementation of its resolution dated December 21, 2015 with regard to issue of debt instruments, and authorized the Bank to consider raising the residual amount (out of the overall approval obtained for raising the debt capital amount of Rs.12000 crores), either by way of issue of AT-I/Tier-ll instrument or any other debt instrument at appropriate time(s), by way of private placement, in such number of tranches, as may be considered appropriate.