SBI raises ₹6,000 crore via CDs amid liquidity challenges

The State Bank of India (SBI) has decided to raise ₹6,000 crore by selling Certificates of Deposit (CDs) at an interest rate of 6%.

This is unusual because SBI typically doesn't tap into the CD market.

Experts say this move shows that while there is a lot of money available for short-term loans, it's hard for banks to get enough deposits.

SBI is doing this to make sure they have enough money to lend and to manage their finances better.

It's like when you need extra money, so you borrow from friends or family to cover your expenses.