State Bank of India has appointed Sunil Ramgopal Agrawal as its Chief Financial Officer (CFO) Designate. Agrawal joined the bank on July 15, 2026, and will assume the full responsibilities of the CFO effective August 1, 2026. He will be designated as Key Managerial Personnel (KMP) under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, upon assuming office. The appointment was disclosed to the stock exchanges pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015.

Leadership Profile

Agrawal brings over 27 years of experience in financial services and strategy to the role. Prior to this appointment, he served as the Chief Financial Officer of Life Insurance Corporation of India (LIC), where he was responsible for managing the finance function, strengthening financial operations, and driving strategic initiatives.

His expertise spans a broad range of disciplines, as outlined below:

Throughout his career, Agrawal has worked closely with Boards, regulators, investors, and other key stakeholders to support organizational growth and transformation agendas. He is a Chartered Accountant and holds a B.E. in Computer Science.

State Bank of India has concluded the issuance of USD 200 Mio Senior Unsecured Reg-S Floating Rate Notes. The notes were issued as a tap of its existing outstanding floating rate note due July 6, 2029. This issuance allows the bank to raise capital through its London branch, with the securities set to be listed on India INX, GIFT City.

The notes carry a coupon of SOFR + 100 bps p.a., payable quarterly in arrears under Regulation-S. The original maturity of the instrument is 3 Years. The issuance was made through the bank's London branch, with the issue date set as July 17, 2026.

Key Details of the Issuance

The following table summarises the key parameters of the floating rate note issuance:

The disclosure was made to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted by Aruna N Dak, DGM (Compliance & Company Secretary) on behalf of the bank.