SBI Eyes ₹60,000 Cr Fund Raise via Debt Instruments

State Bank of India's Central Board has approved a plan to raise up to ₹60,000 Crore through the issuance of debt instruments. This includes Long Term Bonds, Basel III compliant Additional Tier 1 Bonds, and Basel III compliant Tier 2 Bonds. The funds can be raised in INR or other convertible currencies, via public offer or private placement, targeting Indian and overseas investors during FY27. The approval is subject to necessary approvals from the Government of India where required. This move signals the bank's strategy to bolster its capital base and fund future growth.