FCC

VISIONARY LEADER

2018-12-01

Led by its Chairman Rajnish Kumar, State Bank of India (SBI) is expected to raise a massive Rs 200 billion for financing affordable housing and infrastructure projects in domestic and overseas market through long-term bonds. What's more, led by Kumar, SBI had earlier also announced its plans to raise up to $2 billion by issuing bonds in US dollar or other convertible currency to fund overseas expansion. The bank has reportedly, however, not specified whether the borrowing would be in rupee denomination or foreign currency. Under Kumar's strategic management, SBI merged with itself five subsidiary banks and took over Bharatiya Mahila Bank, propelling it to be among the top 50 global lenders. With past mergers and raising a whopping amount for projects in the pipeline, Kumar is sure to bring more success to the bank. <p></p>