State Bank of India (SBI), the country's largest lender, plans to raise Rs 20,000 crore in the current fiscal.

The public-sector lender intends to try out option of rights issue for raising funds. The bank is targeting an advance and credit growth of 25% each this fiscal, compared to 39% and 30% last fiscal.

Apart from the latest development, State Bank of India (SBI) is also looking for revision of rates by May-end as it has seen a steady rise in deposits last fiscal.

Ambareesh Baliga of Karvy Stock Broking is of the view that one can re-enter in SBI at lower levels, as the scrip is capable to give healthy returns in coming days.

The counter closed the day at Rs 1720, marginally down compared to previous close of Rs 1732. The shares have made 52-week-high and low of Rs 1842 and Rs 894 respectively.