For the first time the intrinsic value of the State Bank of India is being acknowledged by the market, says Dinesh Kumar Khara , Chairman, SBI , in an interview with Nikunj Dalmia of ET NOW . Things are looking up for SBI. It is the only large bank which has raised capital and where the moratorium numbers are surprisingly better than what even private banks have reported. What helped you? We have not raised any equity. But we raised tier two bonds and tier one bonds as well. But for both the issues, we could create a benchmark and even raise some MTN also where the pricing was much lower than that raised by any Indian corporate in the recent past. That way, we have demonstrated to the world at large that global economies also have got confidence in India. That is one very important part. The second part is that for the right kind of risk, people have enough appetite for investing and that is what has happened. Coming to the other question relating to quality, for the last couple of years, maintaining the balance sheet strength has been our major focus and that is the reason when… Read full this story
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