State Bank of India (SBI) has approved a plan to raise up to $2 billion through overseas bond issuances in the fiscal year 2027. The decision was made during a meeting of the Executive Committee of the Central Board on May 12, 2026. The fundraising will be conducted in one or more tranches under Regulation S/144A, utilizing a combination of public offerings and private placements. The bonds may be issued as fixed- or floating-rate securities, denominated in US dollars or other major foreign currencies, depending on market conditions. This initiative aims to strengthen SBI’s capital foundation and facilitate business expansion while enhancing its access to international funding markets.

In the last quarter, SBI reported a 6% year-on-year increase in standalone net profit, reaching ₹19,684 crore, up from ₹18,643 crore the previous year. However, total income fell to ₹1,40,412 crore from ₹1,43,876 crore a year ago. The bank's interest income rose to ₹1,23,098 crore compared to ₹1,19,666 crore in the same period last year. SBI's asset quality improved, with gross non-performing assets (NPAs) easing to 1.49% from 1.82% a year ago, while net NPAs decreased to 0.39% from 0.47%. For the entire fiscal year 2026, SBI’s standalone profit increased by 13% to ₹80,032 crore.

As for the current share price, SBI opened at ₹976, reaching an intraday high of ₹981.35 and a low of ₹962.40. Analysts suggest the stock is currently in a sideways trend with resistance around ₹1,050-1,070 and immediate support at ₹975.