The state-run lender will offer a yield of 6.92% on the issue, for which it has received commitments worth 10 billion rupees ($121.03 million) so far, the bankers said.

The notes are rated A1+ by CRISIL.

($1 = 82.6250 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)