State Bank of India (SBI) said that its Executive Committee of the Central Board has approved the plan to raise Rs 2,000 crore through bonds. The amount would be raised during the financial year 2006-07 in tranches with minimum maturity of 60 months, through structured deal, private placement or book-building process. The board has approved the raising of unsecured and rated rupee Subordinated or Upper Tier-II in its board meeting on June 8.
