logo
SBI board approves Rs 20,000 crore fundraise via bonds in FY26

SBI board approves Rs 20,000 crore fundraise via bonds in FY26

Business Upturn16-07-2025
State Bank of India (SBI) has announced that its Central Board, in a meeting held on July 16, 2025, has approved a proposal to raise up to ₹20,000 crore during FY26.
In a regulatory filing dated July 16, 2025, SBI stated that the fundraising will be done through the issuance of Basel III-compliant Additional Tier 1 (AT1) and Tier 2 bonds in Indian Rupees, targeted at domestic investors.
In the exchange filings, hte company shared, 'We refer to our letter no.: CC/S&B/AND/2025-26/247 dated 10.07.2025 intimating about the meeting of the Central Board of the Bank, pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Central Board of the Bank in its meeting held today i.e. 16.07.2025, inter alia, accorded approval for raising funds in INR by issue of Basel III compliant Additional Tier 1 and Tier 2 Bonds, up to an amount of ₹ 20,000 Crores (Rupees Twenty Thousand Crores only) to domestic investors during FY26, subject to GOI approval wherever required.'
The decision was taken during the Central Board meeting held earlier in the day, which started at 10:00 AM and concluded at 1:25 PM.
In the meantime, SBI stock opened today at ₹816.00, touched an intraday high of ₹834.00, and dipped to a low of ₹815.30 during the session. SBI's 52-week high stands at ₹899.00, while the 52-week low is ₹680.00.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Safety Bodies Urge EU Not To Let US Vehicles Skirt Safety Rules
Safety Bodies Urge EU Not To Let US Vehicles Skirt Safety Rules

Forbes

timean hour ago

  • Forbes

Safety Bodies Urge EU Not To Let US Vehicles Skirt Safety Rules

Independent European road safety bodies are concerned that the U.S. will skirt around the EU's ... More crash-safety regulations as part of any trade deal. Photo: Guido Kirchner/picture alliance via Getty Images. Europe's peak independent transport safety bodies have urged the European Union not to follow Japan's lead and allow U.S.-made vehicles to be sold to European customers without passing European safety regulations. The European Transport Safety Council (ETSC) has insisted that the EU should not allow American companies to sidestep EU safety regulations in the interests of lowered tariffs with the U.S. The Trump administration this week announced a trade deal with Japan, the centerpiece of which is a 15% reciprocal tariff on goods exported from Japan to the U.S. - which has American automakers concerned. But the fine print of the deal showed that American automakers would now be allowed to sell their vehicles into the Japanese market - without passing Japanese domestic crash or emissions regulations. News stories today hinted that the EU was preparing to sign a similar deal, allowing its automakers to export to the U.S. for a 15% tariff rather than building cars there, with the same circumvention of its crash-safety regulations, which are considered the toughest in the world. Autonomous emergency braking, ntelligent speed assistance and pedestrian protection are some ... More features mandated under EU law that are not mandatory in U.S. cars. Photo: Getty. In a statement released today, the ETSC expressed deep concern that the move could undermine years of crash-safety science and improvement and urged the EU to reject any such deal and insisted vehicle-safety standards were public protections, not trade barriers. 'We are deeply concerned by the trade deal reached this week by the governments of Japan and the United States, which reportedly removes domestic Japanese safety testing requirements for American-made vehicles exported to Japan,' the statement read. "This move sets a dangerous precedent - one that could undermine road safety in countries that have led the world in automotive safety regulation. 'Allowing vehicles to bypass proven national safety standards for the sake of trade expediency risks turning back the clock on decades of progress in reducing road deaths and serious injuries.' Signatories to the statement include the the Executive Director of the European Transport Safety Council (Antonio Avenoso), the Acting Director General of the FIA's Region 1 (Diogo Pinto), the Executive Director of Transport & Environment (William Todts) and the President of the International Federation of Pedestrians (Geert van Waeg). Others involved included leaders of the European Consumer Voice in Standardization, Cities and Regions for Transport Innovation and the European Cyclists' Federation. Leading the pushback were Michiel van Ratingen, the Secretary General of Euro NCAP (New Car Assessment Program) and the CEO of Global NCAP, Richard Woods. NCAP programs have been responsible for enormous steps forward in consumer awareness of vehicle crash safety and, more lately, in driver-assistance systems. 'Reports indicate that Japan will now allow U.S. vehicles to enter its market without being subject to Japan's specific crash testing or safety compliance requirements. We urge the European Union not to follow suit,' the statement continued. "Trade talks must not become a backdoor to regulatory weakening. Vehicle safety standards are not trade barriers; they are public protections backed by science and evidence. Weakening or bypassing them would lead to real and measurable harm - particularly to vulnerable road users such as pedestrians and cyclists. "The EU has consistently adopted some of the world's most effective vehicle safety regulations, culminating in the General Safety Regulation that is currently in force. These rules mandate technologies such as automated emergency braking, intelligent speed assistance, and pedestrian protection - none of which are currently required for vehicles sold in the U.S. 'We urge EU leaders to maintain this position, and to state clearly that no deal on vehicles will be accepted unless all products placed on the EU market meet existing European regulatory requirements in full.'While the Trump administration has insisted that its tariff war would bring jobs back to America, it was the Toyota Motor Corp whose shares boomed on the Japanese tariff announcement, rising 13% to a seven-month high yesterday. The Big Three U.S. automakers called for caution on the tariffs yesterday, with the head of the American Automotive Policy Council (which represents Ford, GM and Stellantis) insisting they would harm American manufacturers, rather than helping them. 'Any deal that charges a lower tariff for Japanese imports with virtually no U.S. content than the tariff imposed on North American built vehicles with high U.S. content is a bad deal for U.S. industry and U.S. auto workers,' the council's head, Matt Blunt, said in a statement. Auto Drive America, which represents automakers who sell imported vehicles in the U.S., had a different take, and urged Trump to reach similar deals with the EU, Mexico and South Korea. 'We share President Trump's vision to make the U.S. the worldwide center of automotive production, and our member companies need stability in order to create an environment where we can maintain our competitive edge both in the U.S. and on the global stage,' Auto Drive America said in a statement. The Trade War has been a collection of ups and downs that have driven automakers to despair, given that all U.S.-built cars contain at least 15% foreign-made parts. The irony is that American cars have been sold tariff-free in Japan for decades, but have failed to garner interest due to being too large and inefficient for Japanese tastes. Now, they'll be at least 15% more expensive to Japanese buyers.

Sonata Software partners with Wharton AI & Analytics Initiative to advance agentic AI research
Sonata Software partners with Wharton AI & Analytics Initiative to advance agentic AI research

Business Upturn

time3 hours ago

  • Business Upturn

Sonata Software partners with Wharton AI & Analytics Initiative to advance agentic AI research

Sonata Software has entered into a partnership with the Wharton AI & Analytics Initiative (WAIAI) at the University of Pennsylvania's Wharton School to advance research and development in agentic AI. This collaboration aims to explore enterprise-level use of AI systems, with a focus on responsible adoption, governance, and human-AI collaboration. The two organizations will jointly assess agentic AI technologies, particularly from the standpoint of regulatory compliance and ethical safeguards. A key part of this effort will involve refining Sonata's own platform, AgentBridge, to ensure it meets enterprise demands while aligning with evolving standards in AI deployment. The partnership will also support ongoing research efforts at WAIAI, contributing to broader academic understanding of AI's role in enterprise settings. A one-day academic event is planned for Fall 2025, bringing together voices from both academia and industry to explore real-world applications and challenges of agentic AI. The event will include demos and discussions, culminating in a white paper that will summarize the key insights and offer recommendations for enterprise adoption. This marks Sonata Software's first academic collaboration with a U.S.-based Ivy League institution and adds to its ongoing AI-focused initiatives, including a partnership with the Indian Institute of Science aimed at promoting responsible AI in research and development. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at

Enviro Infra Engineers secures Rs 221.26 crore wastewater treatment projects from BWSSB
Enviro Infra Engineers secures Rs 221.26 crore wastewater treatment projects from BWSSB

Business Upturn

time3 hours ago

  • Business Upturn

Enviro Infra Engineers secures Rs 221.26 crore wastewater treatment projects from BWSSB

Enviro Infra Engineers Limited (NSE: EIEL, BSE: 544290), a well-known name in the water and wastewater treatment space, has landed two major projects from the Bangalore Water Supply and Sewerage Board (BWSSB), together valued at ₹221.26 crore. The new contracts mark a strong move by EIEL to deepen its role in advanced wastewater reuse solutions, particularly focusing on tertiary treatment and ultrafiltration technologies. Under these orders, the company will design and build two sewage treatment plants (STPs) in Bengaluru: A 20 MLD STP featuring tertiary treatment and ultrafiltration for 10 MLD, including 10 years of operations and maintenance. A 15 MLD STP with similar treatment capabilities and 7.5 MLD ultrafiltration, also with a decade-long maintenance contract. Sanjay Jain, Chairman, Enviro Infra Engineers Limited, stated, 'We are proud to have secured these prestigious projects from BWSSB, which not only reinforce our technical capabilities in delivering complex wastewater and tertiary treatment infrastructure but also reflect the trust that BWSSB has placed in us. Our focus remains on delivering high-quality, sustainable, and timely solutions that contribute to the nation's water management and sanitation goals. We are committed to maintaining the highest standards of engineering and execution.' This development reinforces EIEL's commitment to sustainable water solutions, especially in urban areas where water reuse is becoming increasingly critical. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store