SBI shares trade flat as board approves plan to explore up to $2 billion long-term fundraising in FY27

State Bank of India (SBI) shares were trading flat on Tuesday, May 12, as the country’s largest lender said its executive committee of the Central Board has 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.

“To examine the status and decide on long-term fundraising in single / multiple tranches of up to US $2 billion (US $2 billion) under Reg-S/144A, through a public offering and/or private placement of fixed / floating rate bonds in US dollars or any other major foreign currency during FY 2026-27,” the State Bank of India said in a regulatory filing.

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 FY26 dividend

SBI’s board of directors also declared a dividend of ₹17.35 per equity share with a face value of ₹1 each fully paid up, i.e., 1,735% for the year ended March 31, 2026.

Furthermore, the bank fixed Saturday, May 16, as the record date and Thursday, June 4, 2026, as the dividend payment date.

SBI share price

At 2:45 PM, shares of State Bank of India were trading at ₹976.5 apiece on the National Stock Exchange, rising 0.3%.

In a month, shares of the firm have declined 8%, while for six months’ time, they have advanced 2%. On a year-on-year basis, State Bank of India shares have gained 22%.

The company has a market capitalisation of ₹9.01 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 ₹779.10 was hit on May 21, 2025.