State Bank of India (SBI) on Wednesday said it will raise up to ₹20,000 crore via issue of bonds to domestic investors in current fiscal year.
In a regulatory filing, SBI said its board has “accorded approval for raising funds in INR by issue of Basel III compliant Additional Tier 1 and Tier 2 Bonds, up to an amount of ₹20,000 crore to domestic investors during FY26, subject to GOI approval wherever required”.
Shares of SBI were trading at ₹831, up 1.74 per cent over previous close on the BSE.
