State Bank of India’s Central Board has approved a significant fund-raising initiative, permitting the issuance of debt instruments up to ₹60,000 Crore. This fundraising, to be conducted through public offer or private placement with Indian and overseas investors, is slated for FY27. The approved instruments include Long Term Bonds, Basel III compliant Additional Tier 1 Bonds, and Tier 2 Bonds, subject to government approval where necessary. The board meeting concluded on 18.06.2026.
State Bank of India Approves Major Fundraising
The Central Board of State Bank of India has given its go-ahead for a substantial fundraising exercise, aiming to raise up to ₹60,000 Crore. This approval was granted during a board meeting held on 18.06.2026. The funds will be raised through the issuance of debt instruments, which can be in INR or any other convertible currency. This strategic move is designed to bolster the bank’s capital base and support its growth objectives for the upcoming fiscal year.
Debt Instruments and Investor Focus
The approved debt instruments encompass a range of options, including Long Term Bonds, Basel III compliant Additional Tier 1 Bonds, and Basel III compliant Tier 2 Bonds. The fundraising will be executed through either a public offer or a private placement mode. The bank intends to target both Indian and overseas investors for this issuance, signalling a broad and inclusive approach to capital raising during FY27.
Project Timeline and Approvals
The fundraising initiative is planned for implementation during FY27. It is important to note that the successful completion of this exercise is subject to obtaining the necessary approvals from the Government of India (GOI) wherever required. The board meeting, where this significant agenda item was discussed and approved, commenced at 10:00 am and concluded at 1:15 pm on 18.06.2026.
Company and Exchange Information
State Bank of India’s BSE SCRIP Code is 500112, and its NSE SCRIP Code is SBIN. The announcement was formally communicated to the relevant departments at both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE).
Source: BSE
