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 State Bank of India has concluded the issuance of USD 300 million Senior Unsecured Floating Rate Notes having maturity of 3 Years and coupon of SOFR + 100 bps p.a. payable quarterly in arrears under Regulation-S. The bonds will be issued through the bank's  London branch as of 6 July 2026.

The fundraising may be undertaken through one or more instruments, including long-term bonds, Basel III-compliant Additional Tier 1 (AT1) bonds and Basel III-compliant Tier 2 bonds, via public issuances and/or private placements to domestic and overseas investors.

State Bank of India is India?s largest public sector lender with operations across retail banking, corporate banking, treasury, international banking and financial services.

The bank?s net profit stood at Rs 19,684 crore in Q4 FY26, up 5.58% year-on-year but down 6.39% sequentially. Total income stood at Rs 1,40,412 crore, down 2.41% YoY and marginally lower on a sequential basis.

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The Central Board of State Bank of India at its meeting held today i.e. 18 June 2026, inter alia, 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 Rs 60,000 crore through public offer or private placement mode to Indian and /or Overseas investors during FY27, subject to GOI approval wherever required.

State Bank of India will hold a meeting of the Board of Directors of the Company on 18 June 2026.