SBI To Raise Up To $3 Billion In Long-Term Funds

The board of State Bank of India will meet on Tuesday to review and decide on plans to raise up to $3 billion in long-term funds for the financial year 2025-26, the bank informed the exchanges on Wednesday.

SBI is considering issuing senior unsecured notes in US dollars or other major foreign currencies. The fundraising could be carried out in one or more tranches, either through a public issue or on a private placement basis.