State Bank of India (SBI) announced on Wednesday that it plans to raise up to Rs 20,000 crore through the issuance of bonds to domestic investors during the current financial year (FY26).
In a regulatory filing, the bank stated that its board has approved the fundraising plan through the issuance of Basel III-compliant Additional Tier 1 and Tier 2 bonds, subject to approvals from the Government of India where necessary.
Following the announcement, SBI shares were trading at Rs 831 on the BSE, up 1.74% from the previous close.