State Bank of India approves fund raising proposal of Rs. 60000 crores

The Central Board of State Bank of India at its meeting held today i.e. 18.06.2026, has accorded approval for raising funds in INR and /or any other convertible currency by issue of debt instruments including but not limited to Long Term Bonds, Basel III compliant Additional Tier 1 Bonds, Basel III compliant Tier 2 Bonds, upto an amount of ₹ 60,000 Crore (Rupees Sixty Thousand Crore only) through public offer or private placement mode to Indian and / or Overseas investors during FY27, subject to GOI approval wherever required.

Shares of State Bank of India was last trading in BSE at Rs. 1042.85 as compared to the previous close of Rs. 1026.00. The total number of shares traded during the day was 1024091 in over 18029 trades.

The stock hit an intraday high of Rs. 1045.95 and intraday low of 1024.95. The net turnover during the day was Rs. 1064618726.00.

Source : Equity Bulls

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StateBankofIndia INE062A01020 SBI FundRaising