SBI Unleashes Global Fundraising Fever—$3 Billion Plan Sets Investors Abuzz

State Bank of India (SBI), India's largest lender, is preparing for a significant international fund-raising programme after getting board go-ahead to raise as much as $3 billion of long-term capital in FY2025-26. The funds will be raised through a public issue and/or private placement of senior unsecured notes of US dollar or other significant foreign currencies.

 

Highlights:

SBI’s ambitious fundraising plan signals its intent to cement its position as a global banking powerhouse, leveraging international markets to fuel growth and innovation.

 

Sources: Moneycontrol, CNBC-TV18, Economic Times, Business Standard