The country's largest lender SBI on Tuesday said it plans to raise up to Rs 20,000 crore through various modes, including a follow-on public offer (FPO), to fund its growth. The shareholders of the bank will meet on December 7 to consider the proposal to raise funds, SBI said in a regulatory filing.

The bank said consent of the shareholders will be sought to issue equity shares for an amount not exceeding Rs 20,000 crore or such amount as approved by the government and the Reserve Bank by way of public issue (FPO) or private placement including qualified institutional placement (QIP)/GDR/ADR or any other mode or a combination as may be decided by the board.