State Bank of India (SBI), the country’s largest lender, has informed exchanges that its Executive Committee of the Central Board will meet on May 12, 2026, to consider raising up to $2 billion through long-term foreign currency bonds.
According to the filing, the proposed fundraising may be carried out in one or multiple tranches during FY27 through public offers and/or private placements of fixed-rate or floating-rate bonds denominated in US dollars or any other major foreign currency.
The fundraising proposal will be undertaken under Regulation-S/144A framework, a route commonly used by Indian issuers to access overseas debt markets and institutional investors.
The proposed bond issuance comes at a time when Indian banks are actively exploring overseas fundraising avenues to strengthen capital buffers and support credit growth amid rising demand across retail, infrastructure and corporate lending segments.
SBI has been focusing on maintaining a strong capital position while continuing to grow advances across key sectors. In its most recent quarterly results, the bank reported healthy loan growth, improvement in asset quality and stable profitability trends. The lender has also continued to witness strong traction in retail loans, SME financing and digital banking initiatives.
The bank has also been strengthening its international funding profile over the past few years through bond issuances in overseas markets. Such issuances help diversify funding sources and improve access to global liquidity pools.