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New Delhi: The shares of State Bank of India (SBI) are in the news after the largest public sector bank in the country announced to raise up to Rs 20,000 crore via issue of bonds to domestic investors in 2025-26.
The SBI informed the exchanges that its board has given the green signal for raising funds in Rs by issuing Basel III compliant Additional Tier 1 and Tier 2 Bonds.
The board has "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 Rs 20,000 crore to domestic investors during FY26, subject to GOI approval wherever required,” SBI stated in its regulatory filing.
The shares of SBI settled at Rs 830.50, up 1.72 per cent over previous close on the BSE. The stock details as per BSE on 16th July:
52 Wk High: Rs 898.80
52 Wk Low: Rs 679.65
Mcap Full (crore): Rs 7,42,439.14
PE/PB: 10.17 / 1.77
ROE: 17.39
In its Q4 results of 2024-25, SBI mentioned that its Operating Profit in FY25 crossed Rs 1 lakh crore and increased by 17.89 per cent YoY to Rs 1,10,579 crore while Operating Profit for January-March quarter went up by by 8.83 per cent YoY to Rs 31,286 crore.
The bank’s Net Profit in the previous financial year witnessed a growth of 16.08% YoY and stood at Rs 70,901 crore, while it was Rs 18,643 crore in Q4FY25.
SBI’s Gross NPA ratio at 1.82 per cent improved by 42 bps YoY, while Net NPA ratio at 0.47 per cent improved by 10 bps YoY, the bank stated in its financial results.
