New Delhi, June 18 -- State Bank of India's (SBI) board on Thursday, 18 June, approved fundraising of up to Rs.60,000 crore via the issuance of bonds, according to an exchange filing shared by India's largest lender.

The fundraising is likely via, but not limited to, long-term bonds, Basel III-compliant Additional Tier-1 bonds, and Basel III-compliant Additional Tier 2 Bonds through public offer or private placement basis.

"The Central Board of the Bank at its meeting held today i.e. 18.06.2026, inter alia, accorded approval for raising funds in INR and /or any other convertible currency by issue of debt instruments including but not limited to Long Term Bonds, Basel III compliant Additional Tier 1 Bonds, Basel III compliant Tier 2 Bond...