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The Economic Times

Economy / The Economic Times

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SBI to seek board approval for funds; Axis Bank raises $500 mn

State Bank of Indias board will meet on May 12 to consider raising up to $2 billion through long-term foreign currency bonds in FY27 via public offers or private placements. Meanwhile, Axis Bank has secured a $500 million three-year loan from Japans MUFG at SOFR plus 85 basis points, with the funds aimed at lending and general business needs.

8 May 2026 11:44 am