SBIN

Raises Big 💰📈

State Bank of India

has successfully raised ₹6,051 crore through its second Basel III Tier 2 bond issue in FY26 at a coupon of 7.05%, signalling strong investor confidence in India’s largest lender. The issue saw robust demand with ~2x subscription and participation from major institutional players like provident funds, pension funds, mutual funds, and banks. With a 10-year tenor and call option after 5 years, the AAA-rated bonds reflect SBI’s solid credit profile and its continued dominance across retail, rural, SME, and corporate banking segments.