SBI’s board clears record Rs 60,000 cr fundraise in FY27

SBI's board has approved a record Rs 60,000 crore fundraise plan for FY27, the largest annual fundraising programme by any Indian lender. The capital will be raised through a mix of rupee and foreign currency long-term bonds, AT1 bonds, and tier-2 capital, with SBI likely to tap the RBI's concessional swap window for dollar bond issuance. The fundraising comes amid robust 17% loan growth in FY26 and a capital adequacy ratio of 15.4%, with shares rising 1.6% to Rs 1,042.85 on the BSE.