State Bank of India board to meet on THIS date to consider fundraising; shares gain 6% in one month

State Bank of India (SBI) shares will be on investors’ radar as the country’s biggest lender on Monday, June 15, said its board will meet this week to consider fundraising for FY27.

In a regulatory filing, SBI informed that its board of directors will meet on June 18 “to seek approval for raising funds during FY27 through public offer or private placement mode by way of issuance of debt instruments (including capital instruments) to overseas and / or Indian investors in INR and/or any foreign currency.”

Last month, the bank had said its executive committee of the central board had decided to examine long-term fundraising plans for the financial year 2026-27 (FY27).

The committee will review and decide on raising long-term funds of up to $2 billion (around ₹17,000 crore) in one or more tranches during FY27. This may be done through public offers or private placements of fixed- or floating-rate bonds in US dollars or other major foreign currencies.

State Bank of India had said it will consider and decide on long-term fundraising of up to $2 billion in FY27, which may be raised in one or multiple tranches through public offerings and/or private placements of fixed- or floating-rate bonds under the Reg-S/144A route.

SBI Q4 FY26 earnings

The country’s largest lender posted a 5.58% year-on-year (YoY) increase in its profit after tax (PAT) to ₹19,684 crore during the quarter under review, compared to ₹18,643 crore in the fourth quarter of the 2024-25 fiscal year (Q4 FY25).

Its net interest income (NII) advanced 4.13% YoY to ₹44,380 crore in Q4 FY26, as against ₹42,618 crore in the same period of the previous financial year, according to a regulatory filing dated May 8.

However, its domestic net interest margin (NIM) fell by 21 basis points (bps) YoY to 2.93% for the reporting quarter, from 3.14% in the March quarter of FY25.

The bank’s asset quality improved, as its gross non-performing asset (GNPA) stood at 1.49% in the fourth quarter of FY26, marking a 33 basis point (bps) YoY decline from 1.82% in the year-ago period. Sequentially, it contracted by 8 bps quarter-on-quarter (QoQ) from 1.57% in the December quarter of FY26.

Its net non-performing assets (NNPA) improved to 0.39%, down by 8 bps YoY from 0.47%. However, it stayed flat sequentially.

SBI share price

On Monday, shares of State Bank of India closed at ₹1,020.85 apiece on the National Stock Exchange, rising 0.36%.

In a month, shares of the bank have jumped 6%, while for six months’ time, they have advanced 5.5%. On a year-on-year basis, State Bank of India shares have gained 29%.

According to NSE data, the lender has a market capitalisation of ₹9.42 lakh crore.

Shares of the company had touched their one-year high of ₹1,234.70 apiece on February 24, 2026, while their 52-week low of ₹781.70 was hit on June 19, 2025.