New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    State Bank of India has recently issued its first-ever

    infrastructure bond, enabling long-term lending to the infrastructure sector for a duration of?
    A 5 years Correct Answer Incorrect Answer
    B 7 years Correct Answer Incorrect Answer
    C 10 years Correct Answer Incorrect Answer
    D 15 years Correct Answer Incorrect Answer
    E 20 years Correct Answer Incorrect Answer

    Solution

    India's largest lender State Bank of India (SBI) announced that it raised ₹10,000 crore after issuing 15-year infrastructure bonds at the coupon rate of 7.54%.

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