SBI Internet Banking and mobile app YONO will continue to go down tomorrow.Click here for details

SBI has informed its customers, “We are committed to providing a better banking experience and require our respected customers to endure with us.”

The tweets are as follows:

SBI Internet Banking, Yono, Yono Lite, Yono Business, IMPS, and UPI will be unavailable from 22:35 hours on September 4, 2021 to 01:35 hours on September 5, 2021 due to maintenance work. The bank announced this on Twitter on Wednesday, saying downtime is expected to last 180 minutes.

SBI has informed its customers, “We are committed to providing a better banking experience and require our respected customers to endure with us.”

The tweets are as follows:

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Meanwhile, Wednesday’s SBI ￡We offer a coupon rate of 4,000 chlores and 7.72% through additional Tier 1 (AT1) bonds compliant with Basel.

This issue has received overwhelming response from investors who have exceeded their bids. ￡Received 10,000 chlores for basic issue size ￡The bank said the release was 100 billion rupees.

“Based on the answer, the bank decided to accept ￡With a coupon of 7.72%, 4000 chlores. “

This is the lowest price ever offered for such debt issued by an Indian bank since the Basel III capital rules came into force in 2013.

The bank has a AAA credit rating from a local credit institution, but the AT1 offering is rated AA. This is the highest domestic rating for these products, given the high-risk nature of the hybrids of these products.

It is said that AT1 bonds will be issued for the first time in the domestic market since the new sebi regulation announced in March this year.

AT 1 equipment is inherently permanent. However, the issuer can call back on any anniversary after 5 years or later.