State Bank of India approves raising ₹60,000 Cr via debt instruments
State Bank of India's board approved raising ₹60,000 crore during FY27 through debt instruments such as Long Term Bonds and Basel III compliant bonds. The capital will be raised via public offer or private placement from Indian and overseas investors, subject to government approval.
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State Bank of India’s board has approved raising ₹60,000 crore through debt instruments during FY27 to bolster its capital base. The fund raising will be conducted via public offer or private placement targeting Indian and overseas investors, subject to government approval. This strategic move aims to manage the bank's capital requirements efficiently by issuing instruments in INR or foreign convertible currencies.
The approval includes the issuance of Long Term Bonds, Basel III compliant Additional Tier 1 Bonds, and Basel III compliant Tier 2 Bonds. The Central Board meeting, held under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, commenced at 10.00 am and concluded at 1.15 pm on June 18, 2026.
Fund Raising Details
The board outlined specific parameters for the capital infusion, providing flexibility in instrument selection and investor targeting.
| Parameter | Details |
|---|---|
| Amount | ₹60,000 crore |
| Modes | Public offer or private placement |
| Instruments | Long Term Bonds, Basel III AT1 Bonds, Basel III Tier 2 Bonds |
| Target Investors | Indian and/or Overseas investors |
| Currency | INR and/or any other convertible currency |
The regulatory filing was submitted to the BSE Limited and National Stock Exchange of India Limited on June 18, 2026, by Aruna N. Dak, DGM (Compliance & Company Secretary).
Historical Stock Returns for State Bank of India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.04% | +1.84% | +10.13% | +7.89% | +31.43% | +150.58% |
How will this capital infusion impact State Bank of India's lending growth and credit expansion in the coming fiscal year?
What are the expected implications for the bank's cost of funds given the mix of AT1, Tier 2, and long-term bonds?
How might the issuance of bonds in foreign convertible currencies affect SBI's exposure to exchange rate fluctuations?
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