State Bank of India (SBI) has submitted a statement regarding deviations or variations in the use of issue proceeds for the quarter ended December 31, 2025. The disclosure confirms that there were no deviations or variations in the utilization of funds raised through debt securities, and funds were used as originally intended. This report adheres to regulatory requirements and provides transparency to stakeholders.
Adherence to Fund Utilization Plans
State Bank of India (SBI) confirms its compliance with regulatory guidelines regarding the use of funds raised through the issuance of listed non-convertible debt securities. For the quarter ending December 31, 2025, the bank reports no deviations or variations in the originally planned utilization of funds.
Details of Fund Raising and Utilization
SBI raised ₹7,500.00 crore on October 20, 2025, through private placement of Basel III compliant Tier 2 Bonds. These funds were intended for augmenting Tier 2 Capital and overall capital to strengthen capital adequacy and enhance long-term resources, aligning with RBI guidelines. The entire amount was utilized as planned.
Confirmation of No Deviations
The bank confirms that the funds utilized, amounting to ₹7,500.00 crore, align precisely with the original allocation for augmenting Tier 2 capital. As a result, there were no deviations in the objects or purposes for which the funds were raised, or in the amounts utilized as against what was originally disclosed. Kameshwar Rao Kodavanti, Chief Financial Officer, affirmed this in a statement dated February 7, 2026.
Outstanding Domestic Bonds
As of December 31, 2025, SBI’s outstanding domestic bonds (non-convertible debt securities) totaled ₹1,57,757.00 crore, with funds fully utilized.
Source: BSE
