Board Meeting12 May 2026, 02:05 pm
SBI to Examine Raising Up to $2 Billion in FY27
AI Summary
The Executive Committee of State Bank of India's Central Board has approved the examination of long-term fund raising in single or multiple tranches of up to US$ 2 Billion (US$ Two Billion) under Reg-S/144A. This will be executed through a public offer and/or private placement of fixed / floating rate bonds in US Dollar or any other major foreign currency during FY 2026-27.
Key Highlights
- SBI to explore raising up to US$ 2 Billion in FY27.
- Fund raising will be executed via public offer or private placement.
- Bonds will be fixed or floating rate in USD or other major currencies.
- The decision was made at the Executive Committee meeting on May 12, 2026.