SBI Card MD and CEO Tewari resigns; appointed as SBI Managing Director Bank of India raises Rs 750 crore by private placement of AT-1 bonds
SBI Card on Wednesday said its Managing Director and CEO Ashwini Kumar Tewari has resigned pursuant to his appointment as MD of State Bank of India. "We wish to inform that Ashwini Kumar Tewari, Managing Director & CEO (nominated by State Bank of India) of the company has tendered his resignation from directorship of the company with effect from the close of business hours of Januar y 27, 2020," SBI Card said in a regulator y filing
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State-run Bank of India on Wednesday said it has raised Rs 750 crore by issuing Basel III compliant bonds. "Bank of India has raised Rs 750 crore via Basel III compliant additional tier 1 (AT-1) bonds on January 27, 2021 on private placement basis," the bank said in a release. The issue was oversubscribed with receipt of bids of up to Rs 1,017 crore against the issue size of Rs 750 crore.
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