What is the purpose of raising 10,000 crore through the infrastructure bond issuance by the State Bank of India (SBI)?
To enhance short-term funding for various projects
To support development initiatives in India
To invest in international markets
To increase dividend payments to shareholders
Correct Answer :
B. To support development initiatives in India
The purpose of the bond issuance is to enhance long-term resources for funding infrastructure and affordable housing projects, aligning with SBI's commitment to supporting development initiatives in India.
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