CURRENT AFFAIRS

Detailed explanation-1: -SBI gives the facility of drawings, accepting, and buying and selling the bills of exchange. It also issues and circulates the letters of credit. SBI also invests in funds or any special kind of security. The bank also acts as a trustee, executor, or otherwise, based on the circumstances.

Detailed explanation-2: -SBI raises Rs 9, 718 cr via 15-year infrastructure bonds at 7.70% coupon. The coupon set by the bank Is 17 basis points above the corresponding Financial Benchmarks of India (FBIL) government securities par curve.

Detailed explanation-3: -Services of SBI It offers to open accounts in Public Provident Fund schemes and the Sukanya Samriddhi scheme. It provides inward foreign remittances. It has expanded its line of business in broking and Demat services. It provides ATM services across India and in different global locations.

Detailed explanation-4: -It gives advances and loans to the public. It acts as a trustee, executor, or otherwise, based on the circumstances. It gives the facility of drawings, accepting, buying and selling the bills of exchange and other negotiable instruments. It invests its surplus funds in government securities, railway securities etc.