The State Bank of India (SBI) on Tuesday approved a plan to raise up to USD 3 billion in the current financial year through a public offer or private placement.
In a regulatory filing, SBI stated, "The Executive Committee of the Central Board, at its meeting held on May 20, 2025, has approved the evaluation and execution of long-term fundraising in one or more tranches, up to USD 3 billion. This will be done through a public offer and/or private placement of senior unsecured notes in US dollars or any other major foreign currency during FY 2025-26."
SBI shares ended the day at Rs 785.35, down 1.20% from the previous close.