MUMBAI, June 18 -- The board of State Bank of India (SBI), the country's largest lender, has approved a plan to raise up to Rs.60,000 crore in FY27 through various debt instruments, including Basel III-compliant bonds, to support business growth and strengthen its capital base, the bank said in an exchange filing on Thursday.

The board approved fundraising in Indian rupees or other convertible currencies through public issues or private placements. The bank may also tap the market through additional tier-I and tier-II bonds. In FY26, SBI raised Rs.18,500 crore through domestic bond issuances.

As of 31 March, SBI's capital-to-risk weighted assets ratio stood at 15.40%, with its common equity tier-I (CET-1) ratio at 12.29% and overall tie...