SBI internet banking, mobile app YONO to remain down on September 4

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The services will be unavailable for 180 minutes i.e. from 22:35 hours on September 4 to 01:35 hours on September 5.

Earlier in the day, SBI had also warned its customers to not click on mails offering free gifts, as they may fall prey to phishing scam.

“Are you receiving these links in your inbox? Steer Clear! Clicking on these phishing links could lead to a loss of your personal and confidential information. Stay Alert. Think before you click!,” it wrote in a tweet.

Meanwhile, the bank on September 1 raised Rs 4,000 crore of the Basel- compliant Additional Tier 1 (AT1) bonds. The country’s largest lender raised the amount at a coupon rate of 7.72 percent.

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Following the new SEBI regulations, this is the first AT1 Bond issuance in the domestic market. The issue garnered overwhelming response from investors with bids in excess of Rs 10,000 crore received against a base issue size of Rs 1,000 crore.

The public sector bank has now decided to accept Rs 4,000 crore at a coupon of 7.72 percent based on the response.

According to SBI, this is the lowest pricing ever offered on such debt, issued by any Indian bank since the implementation of Basel III capital rules in 2013.

Moneycontrol News