State Bank of India's central board has approved raising up to Rs 60,000 crore this fiscal year through rupee and dollar bonds. The move is intended to strengthen the bank's capital position and support business growth.
Funds will be raised via various debt instruments from Indian and overseas investors.
The approval covers Tier 2 bonds and other instruments. It marks a record amount for the bank in the current fiscal year.
The decision aligns with plans to maintain a strong capital adequacy ratio while expanding operations.