State Bank of India Approves $3 Billion Overseas Fundraising for FY26

SBI, on Tuesday, said that its board has approved the plan to raise up to $3 billion in long-term funds during FY26. The country’s largest public sector bank stated that the funds will be raised either in one or multiple tranches via public offerings or private placements of unsecured notes.

On Tuesday, SBI shares concluded the trading session at Rs 786.70 price level, down by 1.04% on the National Stock Exchange.

"We submit that the Executive Committee of the Central Board in its meeting held on 20th May 2025 has approved, inter alia, to examine the status and decide on long term fund raising in single/ multiple tranches of up to $3 Billion under Reg-S/144A, through a public offer and/or private placement of senior unsecured notes in US Dollar or any other major foreign currency during FY 2025-26," SBI said in an exchange filing.

SBI shares have struggled to remain in the green territory during the last 1-month period. So far this year, the share price of the public sector bank has dropped from Rs 793 to Rs 786, indicating a minor decline of less than a per cent.

The stock is still down by more than 13% from its 52-week high price level of Rs 912.

SBI Q4 Results

India's largest state-owned bank failed to impress investors in Q4. SBI witnessed a 10% year-on-year (YoY) drop in its standalone net profit figure to Rs 18,642.59 crore from Rs 20,698.35 crore recorded in the corresponding quarter of the previous fiscal year.

Total income surged to Rs 1,43,876 crore in the quarter ending March from Rs 1,28,412 crore recorded in the same period a year ago. The bank also experienced an improvement in asset quality, with gross non-performing assets (NPAs) dropping to 1.82% of the total advances in the Q4FY25 from 2.24 per cent as at March-end 2024. Net NPAs also eased to 0.47% as against 0.57%.