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State Bank of India gets credit upgrade, raises $25bn
July 21, 2025 at 07:01 PM UTC•By FilingReader AI
Moody's upgraded State Bank of India's Baseline Credit Assessment to Baa3 from Ba1, affirming its Baa3 long-term deposit ratings with stable outlook.
The bank simultaneously raised ₹25,000 crore through equity placement at ₹817 per share to qualified institutions including Life Insurance Corporation of India and Societe Generale.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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