SBI board approves $3 Billion overseas fundraise for FY26

21 May 2025 , 11:06 AM

State Bank of India (SBI) said that the Executive Committee of the Central Board has approved a long-term fundraising plan up to $3 Billion for the financial year 2025-26. 

SBI said that in its meeting held on 20th May 2025 the Executive Committee of the Central Board has approved to examine the status and plan on long-term fund raising in one or more tranches of up to $3 Billion US-dollars under Reg-S/144A, said the company in its filing with the bourses.

The issue may be done through public offers or private placements. This subject to market conditions, and regulatory approvals, stated the public lender.

This comes after the SBI has established a broader strategy to support its long-term funding base and hold up growth across international and domestic operations. As per reports, the bank has not yet given a timeline or exact structure of the first tranche.

The bank has taken the decision in its Executive Committee meeting held on May 20, 2025.

In its results for the quarter ended March 2025, the business posted a 10% year-on-year decline in its net profit at ₹18,642.59 Crore. In the previous corresponding quarter, the business posted a net profit of ₹20,698.35 Crore.

However, there was a marginal increase of 2.70% y-o-y in its net interest income for the quarter ended March 2025. It posted Net Interest Income of ₹42,774.55 Crore.

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