State Bank of India has released its disclosure statement regarding the utilization of funds for the quarter ending March 31, 2026. The report confirms that there have been no deviations or variations in the use of proceeds from the bank’s non-convertible debt securities. All funds raised through private placements, including the ₹6,051 crore Basel III compliant Tier 2 bonds, were fully utilized in accordance with the specified objects of the issue.
Financial Integrity and Fund Utilization
State Bank of India (SBI) has successfully confirmed the transparent utilization of proceeds for the quarter ending March 31, 2026. The bank maintains a clean record with zero deviation or variation in the application of funds raised through private placements of non-convertible debt securities. This ensures that all capital instruments, including Basel III compliant bonds, are serving their intended purpose of strengthening the bank’s capital adequacy.
Details of Debt Securities
During the final quarter of the financial year, the bank successfully issued Basel III compliant Tier 2 bonds amounting to ₹6,051 crore on March 20, 2026. These funds have been fully utilized to augment the bank’s Tier 2 capital and bolster long-term resources, adhering strictly to Reserve Bank of India (RBI) guidelines. The bank’s commitment to capital efficiency remains a cornerstone of its financial strategy.
Outstanding Debt Portfolio
As of March 31, 2026, the cumulative value of outstanding domestic non-convertible debt securities stands at ₹1,63,408 crore. This total reflects the aggregate of 23 successful private placements issued over the last several years, ranging from Tier 2 bonds to Additional Tier 1 (AT1) bonds and other long-term instruments. All listed securities remain fully compliant with their original issuance mandates, with no reported discrepancies in fund deployment across the entire portfolio.
Source: BSE
