State Bank of India approves fund raising of up to Rs. 20000 crores

The Central Board of State Bank of India in its meeting held today i.e. 16.07.2025, 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.

Shares of State Bank of India was last trading in BSE at Rs. 831.55 as compared to the previous close of Rs. 816.75. The total number of shares traded during the day was 1238621 in over 24494 trades.

The stock hit an intraday high of Rs. 834.00 and intraday low of 815.15. The net turnover during the day was Rs. 1025019670.00.

Source : Equity Bulls

Keywords

StateBankofIndia INE062A01020 SBIN FundRaising