SBI to raise Rs 5 , 681 crore from preferential issue to government Livemint The Committee of Directors for Capital Raising of the Bank . has accorded its approval to fix the issue price at Rs 269 . 59 per share of face value of Re 1 each , including a premium of Rs 268 . 59 per share and accordingly , to issue 21 , 07 , 27 , 400 equity shares . on preferential basis to Government of India , for a consideration of Rs 5 , 680 . 99 crore , SBI said in a BSE filing . New Delhi State Bank of India on Friday said it will raise Rs 5 , 681 crore by issuance of preferential shares to the central government , its majority shareholder . Earlier this month , SBI had said it would also take fresh approval to raise up to Rs 15 , 000 crore through various means , including public offer and overseas issuance of shares . Shares of SBI were trading 0 . 19 % lower at Rs 261 . 20 on the BSE . The funds raised will help the bank meet global risk norms , Basel III , which will kick in from March 2019 .