Overview

• The State Bank of India's Executive Committee approved examining a plan to raise up to $3 billion in FY 2025-26.
• Funds will be raised through senior unsecured notes issued via public offerings or private placements.
• The notes may be denominated in US dollars or other major foreign currencies, offering flexibility in fundraising options.
• This initiative aligns with SBI's strategy to optimize its capital structure and support credit growth with low-cost financing.
• SBI shares closed 1.2% lower at ₹785.35 on the BSE following the announcement.