State Bank of India has informed the exchanges regarding the outcome of the Central Board meeting held on June 18, 2026. The Central Board has accorded approval for raising funds in Rs and any other convertible currency by issue of debt instruments. The total fund raising amount is up to Rs 60,000 crore which is Rupees Sixty Thousand Crore only and will be raised during the financial year 2026-27.
The debt instruments that may be issued include but are not limited to Long Term Bonds, Basel III compliant Additional Tier 1 Bonds, and Basel III compliant Tier 2 Bonds. These capital instruments will allow the bank to raise long term capital and maintain compliance with regulatory capital adequacy requirements set by the Reserve Bank of India.
The fund raising will be executed through public offer or private placement mode. The issuance is open to Indian investors as well as overseas investors. The approval is subject to Government of India approval wherever required as per the applicable regulations and guidelines.
This capital raising initiative will strengthen the bank's capital base and support its growth plans. The funds will be utilized to meet the bank's business expansion requirements and to comply with regulatory capital norms prescribed by the banking regulator.
The Central Board meeting commenced at 10.00 am on June 18, 2026. The agenda concerning the fund raising proposal was taken up and concluded at 1.15 pm on the same day. The disclosure is made in compliance with Regulation 30 of SEBI Listing Regulations.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.