State Bank of India has submitted its statement of deviation/variation in the utilisation of funds raised through listed non-convertible debt securities for the quarter ended 31.03.2026, in accordance with Regulation 32 and Regulation 52(7)/(7A) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was filed on 08 May 2026 and signed by Kameshwar Rao Kodavanti, Chief Financial Officer, and Aruna N. Dak, DGM (Compliance & Company Secretary).

Q4 FY26 Fund Raising: No Deviation Reported

For the quarter ended 31.03.2026, State Bank of India raised ₹6,051.00 crore through private placement of Basel III compliant Tier 2 Bonds. The entire amount raised was fully utilised as intended, with no deviation or variation reported in the use of proceeds. The filing confirms that no separate monitoring agency was applicable for this issuance.

The key details of the Q4 FY26 bond issuance are summarised below:

The stated object for which the funds were raised was augmenting Tier 2 Capital and overall capital of the bank for strengthening its capital adequacy and enhancing long-term resources in accordance with RBI guidelines. The original allocation of ₹6,051.00 crore was fully utilised with no modification to the object, no modified allocation, and nil deviation.

Equity-Related Fund Raising: Nil for Q4 FY26

With respect to Regulation 32 of SEBI (LODR) Regulations, 2015, the bank reported that there was no fund raising activity — whether through public issue, rights issue, preferential issue, QIP, or any other mode — during Q4 FY26. Accordingly, all related fields including mode of fund raising, date of raising funds, amount raised, monitoring agency, and deviation/variation status are marked as Not Applicable for this quarter.

Outstanding Domestic Bond Portfolio as on 31.03.2026

As part of Annexure 1 to the filing, State Bank of India disclosed its complete list of outstanding domestic non-convertible debt securities as on 31.03.2026. The portfolio comprises 23 issuances, all raised through private placement, spanning Tier 2, Additional Tier 1 (AT1), and Long-Term Bond (LTB) instruments. The total amount raised and fully utilised across all outstanding bonds stands at ₹1,63,408.00 crore, with no deviation reported for any issuance.

The complete list of outstanding bonds is presented below:

Regulatory Compliance

The filing confirms full compliance with the applicable SEBI disclosure requirements. Across all 23 outstanding bond issuances, the bank has reported complete utilisation of funds in line with the original stated objects, with no deviations, no audit committee observations, and no auditor comments required. The disclosure was duly certified by the Chief Financial Officer and filed with both BSE Limited and the National Stock Exchange of India Limited.

State Bank of India has informed the stock exchanges of the completion of the three-year term of Smt. Swati Gupta as part-time non-official Director on the bank's board. The disclosure was made pursuant to Regulation 30 read with Clause 7 of Para A, Part A of Schedule III and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director's Term Completion

The key details of this board-level development are outlined below:

Regulatory Disclosure

The communication was addressed to the Listing Departments of BSE Limited and the National Stock Exchange of India Limited. The disclosure was signed and submitted by Aruna N. Dak, DGM (Compliance & Company Secretary) at State Bank of India's Corporate Centre, Shares & Bonds Department, 14th Floor, State Bank Bhavan, Madame Cama Road, Mumbai – 400021, on 07.05.2026.