SBI board approves $3 billion fundraising in FY'26 
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SBI board approves $3 billion fundraising in FY'26

SBI on Tuesday approved USD 3 billion fundraising through public offer or private placement in the current fiscal

PTI

New Delhi: The State Bank of India (SBI) on Tuesday approved USD 3 billion fundraising through public offer or private placement in the current fiscal.

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"The Executive Committee of the Central Board in its meeting held on 20th May 2025 has approved to examine the status and decide on long-term fundraising in single / multiple tranches of up to USD 3 billion through a public offer and/or private placement of senior unsecured notes in US dollar or any other major foreign currency during FY 2025-26," SBI said in a regulatory filing.

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Shares of SBI closed at Rs 785.35, down 1.20 per cent over the previous close.

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