SBI Board Approves $2 Billion Fund Raise for FY27

(SBI) on Tuesday, May 12, announced that its board has approved a long-term fund-raising plan of up to $2 billion (approximately ₹17,000 crore) during the financial year 2026-27. The funds will be raised in single or multiple tranches through public offers or private placements of fixed or floating rate bonds in US Dollar or other major foreign currencies under Reg-S/144A norms. The announcement comes shortly after SBI reported a 6% year-on-year rise in standalone net profit to ₹19,684 crore for the quarter ended March 2026. The improved performance was supported by a decline in bad loans, reflecting better asset quality. This capital-raising move is expected to strengthen the bank’s balance sheet and support future growth initiatives.