State Bank of India board clears record Rs 60,000 cr fundraise in FY27

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.

संबंधित लेख

Foreign portfolio investors have injected nearly ₹10,000 crore into Indian bonds over four trading sessions. The inflows reversed recent outflows from the debt market.

AI द्वारा रिपोर्ट किया गया

Indian banks achieved a record consolidated net profit exceeding ₹4 lakh crore in FY26. Top lenders including State Bank of India, HDFC Bank, and ICICI Bank contributed more than half of the total.

Traders have shifted to bullish positions on Indian banks following measures by the Reserve Bank of India to allow foreign currency borrowing. Bank Nifty rose 4.25 percent last week, outperforming the broader Nifty index.

AI द्वारा रिपोर्ट किया गया

India's 10-year benchmark bond yield rose 7 basis points to 6.94% on Friday, signaling concerns over inflation and potential monetary tightening. High Brent crude prices above $100 per barrel, driven by the West Asia conflict, have intensified fears, compounded by the rupee falling below 94 to the dollar.

 

 

 

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