State Bank of India has announced the superannuation of three senior executives effective June 30, 2026. The disclosure impacts key leadership roles within the bank, including the head of its asset management subsidiary and two deputy managing directors overseeing specialized verticals.

The filing was submitted to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification identifies the specific roles and designations of the personnel vacating their positions.

The executives superannuating include Shri Nand Kishore, who served as the Managing Director & CEO of SBI Funds Management Limited. Additionally, Shri Shiva Om Dikshit, Deputy Managing Director (Special Projects: Ops-Channel Management), and Shri Kshitij Mohan, Deputy Managing Director (SARG), have also retired from their respective positions.

Details of Superannuating Executives

State Bank of India has concluded the issuance of USD 300 Mio Senior Unsecured Floating Rate Notes, strengthening its foreign currency funding portfolio. The notes carry a maturity of 3 Years and offer a coupon of SOFR + 100 bps per annum, payable quarterly in arrears. This issuance was executed under Regulation-S, targeting international investors.

The bonds are being issued through the bank's London branch, with the issuance date set as July 6, 2026. The floating rate nature of the notes aligns the interest payments with the Secured Overnight Financing Rate (SOFR), providing a hedge against fluctuating interest rate environments.

Key Details of the Issuance

The disclosure was submitted to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Aruna N Dak, DGM (Compliance & Company Secretary), confirmed the completion of the issuance process on behalf of state bank of india .