Board Meeting7 May 2026, 08:51 pm
SBI Board to Consider US$2 Billion Fund Raise on 12 May 2026
AI Summary
State Bank of India (SBI) has scheduled a Board of Directors meeting on May 12, 2026, to consider and approve long-term fund raising. The proposal includes raising up to US$2 Billion in single or multiple tranches through public offer and/or private placement of fixed/floating rate bonds in US Dollar or any other major foreign currency during FY 2026-27 under Reg-S/144A.
Key Highlights
- SBI board meeting scheduled for May 12, 2026, to discuss fund raising.
- The bank plans to raise up to US$2 Billion via bonds.
- Fund raising will be executed through public offer or private placement.
- Bonds will be issued in US Dollar or other major foreign currencies.
- The fund raising is planned for FY 2026-27 under Reg-S/144A.