SBINBSEState Bank of IndiaMediumNeutral
Announced Fri, 8 May · 15:52 IST

Statement of Deviation

Fund Raising View source PDF

SBIN · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-4.2%1-day move
₹1018.40
prior close
₹1007.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.1-1.5-1.5-2.5-4.2-4.7-3.5-5.6-7.8-6.7-5.7-1.7+1.8
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AI summary

SBI has filed a statement of deviation reporting no deviations in fund utilisation for the quarter ended 31 March 2026. For Q4 2025-26, no funds were raised via QIP. However, the bank raised ₹6,051 crore through a private placement of Basel III compliant Tier 2 Bonds on 20 March 2026, and this amount was fully utilized as intended. The bonds were issued to augment Tier 2 capital and overall capital adequacy as per RBI guidelines. An annexure listing all outstanding domestic non-convertible debt securities shows total outstanding bonds of ₹1,63,408 crore across 23 issuances (including AT1, Tier 2, and LTB instruments), with all entries showing no deviation.

Likely market impact

This is a routine compliance filing confirming that SBI's debt capital raising proceeds were used as planned. No deviations or variations were reported, which is positive from a governance perspective. The bank continues to strengthen its capital base through Tier 2 bond issuances.