SBI - Outcome of Committee Meeting

January 15, 2016 - 06:14:00 PM

State Bank of India has informed BSE that the Committee of Directors, duly authorized by the Central Board of the Bank, at their meeting held on January 15, 2016 inter-alia, authorized the Bank to seek shareholders approval and to write to GOI and RBI seeking their approval under Section 5 (2) of the State Bank of India Act, 1955 for extending the period of approval for raising equity capital upto Rs.15,000 crores till March 31, 2017 by way of FPO/Rights issue/ESPS/ESOS/QIP/ADR/GDR or any other mode or a combination of these as may be decided at the opportune time or as may be approved by the GOI and RBI.

CIN: U67190WB2003PTC096617. Trading in Commodities is done through our Group Company Dynamic Commodities Pvt. Ltd. The company is also engaged in Proprietory Trading apart from Client Business.

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