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State Bank of India (SBI) is planning to raise up to Rs 10,000 crore via infrastructure bonds during the current quarter ending March 2023. Infrastructure bonds are long-term, fully paid, redeemable and unsecured financial instruments, with a minimum maturity period of __________ years.
five
three
one
two
seven
Correct option is 7 years.
State Bank of India (SBI) plans to raise Rs 10,000 crore via infrastructure bonds in the current quarter ending March 2023. The bank said that the nation’s chief lender might hang a public subscription of these bonds or room them privately.
The infrastructure bonds are excepted from the subtraction of net demand and time liabilities (NDTL). They are not subject to cash reserve ratio (CRR) and statutory liquidity ratio (SLR) supplies. These are long-term, fully paid, redeemable and unsecured financial apparatuses with seven years minimum maturity.
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