SBI board panel nods to overseas fundraise of up to $3 billion in FY26

SBI plans to raise up to $3 billion via international markets in FY26 through senior unsecured notes in USD or other currencies to support business growth

Country’s largest lender State Bank of India’s board of directors on Tuesday approved the bank’s plans to raise nearly $3 billion through long-term instruments from the international market in 2025-2026 (FY26). 

 

The funds will be raised in single and multiple tranches through a public offer or private placement of senior unsecured notes in US dollar or any other major foreign currency, SBI said in a BSE filing. Its stock closed 1.2 per cent lower at ₹785.35 per share. 

 

In FY25, its gross