SBI board approves fund raising

State Bank of India announced that the Central Board of the Bank at its meeting held on June 18, 2026, has accorded approval for raising funds in INR and /or any other convertible currency by issue of debt instruments including but not limited to Long Term Bonds, Basel III compliant Additional Tier 1 Bonds, Basel III compliant Tier 2 Bonds, upto an amount of Rs. 60,000 Crore through public offer or private placement mode to Indian and /or Overseas investors
during FY27, subject to GOI approval wherever required.

At 2.56 pm, State Bank of India was trading at Rs. 1,042, up by 1.56%, with a volume of 6.38 lakh shares on the BSE.