SBI fundraising: State Bank of India (SBI) announced on Tuesday, May 20, that its board has approved raising up to $3 billion in long-term funds in fiscal 2025-26 (FY26). India’s largest public sector undertaking (PSU) bank said that it will raise funds in single or multiple tranches through a public offer or private placement of unsecured notes.

“….We submit that the Executive Committee of the Central Board in its meeting held on May 20, 2025, has approved, inter alia, to examine the status and decide on long term fund raising in single /multiple tranches of up to $3 billion under Reg-S/144A, through a public offer and/or private placement of senior unsecured notes in US dollar or any other major foreign currency during FY 2025-26,” said SBI in a regulatory filing to the stock exchanges today.