SBI raises US $1.25 billion funds from overseas market through GSM Platform

• State Bank of India has raised US $ 1.25 billion through bonds from the overseas market.

• The bonds of SBI were listed on the Global Securities Market (GSM) platform managed by India International Exchange IFSC Ltd (INDIA INX). BSE is the parent organisation of INDIA INX.

• GSM is India’s first and leading capital raising platform for international investors in any currency, located at the Gujarat International Finance Tec-City (GIFT City) IFSC.

Points to remember:

1. Which bank has recently raised US $ 1.25 billion through bonds from the overseas market on GSM platform of INDIA INX?
2. GSM Platform managed by?- INDIA INX
3. India International Exchange (India INX) is India’s first International Exchange