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State Bank of India Plans to Raise INR600 Billion via Debt in Fiscal 2027

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State Bank of India (NSE:SBIN, BOM:500112) said its board has approved raising up to 600 billion Indian rupees through the issuance of debt instruments in fiscal 2027.

The fundraising may be carried out through public offerings or private placements in Indian rupees or other convertible currencies, according to a Thursday stock exchange filing.

The proposed instruments include long-term bonds, Additional Tier 1 bonds and Tier 2 bonds, subject to regulatory and government approvals where required.

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