State Bank of India corrects bond allotment number to 6,051 | Business Upturn

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State Bank of India (SBI) has issued a correction regarding its recent bond allotment disclosure. The bank clarified that the number of bonds allotted is 6,051, as opposed to the previously stated 1,00,00,000. These bonds are non-convertible, taxable, redeemable, unsecured, and fully paid-up Basel III compliant Tier 2 bonds, each with a face value of ₹1 crore and a coupon rate of 7.05%.

The correction pertains to an earlier announcement dated 20 March 2026, where the incorrect number of bonds was disclosed. SBI has requested stakeholders to update their records with the revised figure.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

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TOPICS: NSE Shima Devi State Bank of India