New Delhi, May 12 -- State Bank of India (SBI) has approved a plan to raise up to $2 billion through overseas bond issuances in FY27.

The bank said its Executive Committee of the Central Board, at a meeting held on 12 May 2026, approved a proposal to explore long-term fundraising in one or more tranches. The capital may be raised under Reg S/144A through a mix of public offerings and private placements.

The bonds may be issued as either fixed- or floating-rate securities and can be denominated in US dollars or other major foreign currencies, depending on prevailing market conditions.

The intended fundraising is designed to bolster SBI's capital foundation and facilitate its business expansion, while also improving its ability to tap in...