State Bank of India held a virtual group interaction with institutional investors on September 25, 2026. The session was arranged by Citi as part of the Citi India Financials Investor Forum.

The disclosure was made under Regulation 30 of the SEBI (LODR) Regulations, 2015. Bank representatives engaged with a diverse list of global and domestic asset managers, mutual funds, and insurance companies. The interaction followed an earlier communication dated September 19, 2026, regarding the scheduled engagement.

Participant overview

The event attracted significant interest from major financial institutions across Asia, Europe, and North America. Key participants included Goldman Sachs Asset Management, BNP Paribas AM France, and Nomura Singapore Limited. Domestic heavyweights such as HDFC Mutual Fund, Axis Asset Management Company Limited, and SBI Mutual Fund also attended.

Disclosure compliance

The bank confirmed that only information available in the public domain was shared with the investors during the session. This adherence to regulatory guidelines ensures that no unpublished price-sensitive information was disclosed to select groups.

The list of participants included 32 entities, ranging from hedge funds like Millennium Capital Management and Schonfeld Strategic Adv HK Ltd to sovereign-linked entities such as the Olayan Group. The broad representation highlights continued investor focus on the banking sector's largest lender.

State Bank of India has revised the interest payment date for a specific bond series to September 27, 2026, following a directive from the Ministry of Finance that declared the upcoming Sunday as a bank working day.

The revision affects the bond series previously scheduled for payment on September 28, 2026. The original date was set because September 26 and 27 were initially considered holidays, falling on the fourth Saturday and Sunday respectively. The Ministry of Finance advised all Public Sector Banks and Regional Rural Banks to function normally on Sunday, September 27, 2026, via a press release dated September 23, 2026.

Regulatory basis for the revision

The bank cited Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, for this disclosure. The decision aligns with the Working Day Convention set out in the Term Sheet of the Placement Memorandum for the bond series. This convention mandates that if a coupon payment date falls on a non-working day, the issuer must make the payment on the immediately succeeding working day.

Since September 27 is now designated as a working day, it becomes the immediate succeeding working day relative to the original holiday schedule. Consequently, the interest payment will be made on this date rather than the originally communicated September 28.

Impact on bondholders

Bondholders holding this specific series should note the earlier settlement date. The bank confirmed that all branches and offices will remain operational on the revised payment date. This administrative adjustment ensures compliance with the updated banking calendar while adhering to the contractual terms of the bond issuance.