State Bank of India Approves Long-Term Fund Raising Programme for FY 2026-27
The State Bank of India (SBI) has announced a significant outcome from its Central Board meeting, detailing plans for long-term fund raising during the Financial Year (FY) 2026-27.The Executive Committee of the Central Board of the Bank, during its meeting held on May 12, 2026, approved a comprehensive plan to examine the status and decide on long-term fund raising initiatives.
The fund raising program is set to take place in single or multiple tranches and is structured to raise capital up to US$ 2 Billion.
The details of the proposed long-term fund raising mechanism are as follows:
| Parameter | Details |
|---|---|
| Maximum Tranche Size | Up to US$ 2 Billion (US$ Two Billion) |
| Investment Vehicles | Fixed rate bonds or floating rate bonds |
| Currency | US Dollar or any other major foreign currency |
| Mechanism | Public offer and/or private placement |
| Regulatory Channel | Reg-S/144A |
| Fiscal Year | FY 2026-27 |
This strategic move is aimed at enhancing the bank's capital structure through varied global financial instruments over the next fiscal year.
SBIN Stock Price Movement
As of 3:05 PM, shares of State Bank of India are slipping by 0.01% in live trading, currently priced at ₹973.5. The stock is seeing considerable liquidity today, trading on a total volume of 18.84 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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