SBI gets nod to raise Rs 20,000 cr via bonds
In a regulatory filing, India's largest lender confirmed that its Central Board approved the raising of up to Rs20,000 crore during the current financial year through Basel III-compliant Additional Tier-1 and Tier-2 bonds. These bonds will be issued in Indian rupees to domestic investors, subject to government approvals where necessary.
The move is aimed at strengthening the capital base of the country's largest bank.After the announcement of the fundraiser, SBI shares shot up over two per cent to touch an intra-day high of Rs834 on the National Stock Exchange (NSE).
Earlier in May this year, SBI's board gave the go-ahead for raising equity capital of up to Rs25,000 crore during FY26. The capital will be raised in one or more tranches via Qualified Institutional Placement (QIP), Follow-On Public Offer (FPO), or other permissible methods.
The objective is to boost SBI's Common Equity Tier 1 (CET1) capital ratio— which will bolster the bank's financial health.
The proposed QIP will lead to a dilution of the government's stake, which stood at 57.43 per cent as of March 31, 2025. To manage the QIP process, SBI has appointed six prominent investment banks -- ICICI Securities Ltd, Kotak Investment Banking, Morgan Stanley, SBI Capital Markets Ltd, Citigroup, and HSBC Holdings Plc.
SBI gave a dividend cheque of Rs8,076.84 crore to the government for the financial year 2024-25. The public sector bank's net profit for the financial year 2024-25 shot up to Rs 70,901 crore.
The bank is celebrating its 70thyear of operations with a balance sheet that has soared to `66 lakh crore and the number of its customers surging past a staggering 52 crore.
SBI also drives financial inclusion through more than 151 million Jan Dhan accounts and an extensive correspondent network. The bank's agricultural lending exceeded Rs3.5 lakh crore in FY25 -- the highest in the country -- supporting farm infrastructure, according to the statement.
In FY25, the Bank reinforced its social impact footprint by investing Rs 610.8 crore in CSR initiatives, reaching 94 'Aspirational Districts'. Its efforts spanned healthcare, education, rural development, and environmental sustainability.
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Hindustan Times
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