India’s Largest PSU Bank Approves $ 2 Billion Fund Raise Plan; FII Stake Increases In Q4
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State Bank of India approved long-term overseas bond fundraising through multiple tranches during FY27, while foreign institutional investors increased stake to 11.41 per cent in March 2026 quarter.
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The Indian equity markets traded lower on Tuesday, with the benchmark Nifty 50 index declining 1.45 per cent to 23,470.65 during the session. Despite weakness in the broader market, select Banking stocks remained in focus. In this segment, State Bank of India (SBI) remained in focus after the bank approved a long-term overseas fund-raising programme for FY27. On Tuesday, SBI share price ended marginally higher by 0.02 per cent at Rs 973.80.
SBI Fund Raising Update
State Bank of India informed exchanges that the Executive Committee of the Central Board, in its meeting held on May 12, 2026, approved examination of long-term fund raising in single or multiple tranches of up to USD 2 billion during FY27.
According to the filing, the fund raising may be undertaken through public offer and/or private placement of fixed or floating rate bonds under Reg-S/144A in US Dollar or any other major foreign currency. The proposed capital raising is aimed at supporting the bank’s long-term funding requirements and international business expansion initiatives.
SBI Shareholding Pattern
As per the latest March 2026 shareholding pattern, promoters held 55.52 per cent stake in State Bank of India, marginally higher compared to 55.50 per cent held in December 2025.
Foreign Institutional Investors increased their stake to 11.41 per cent in March 2026 from 10.34 per cent in the previous quarter. Domestic Institutional Investors held 26.11 per cent stake in the bank as against 27.04 per cent held in December 2025, while public shareholding stood at 6.81 per cent.
About SBI
State Bank of India is India’s largest public sector bank offering retail banking, corporate banking, treasury operations, digital banking, wealth management and international banking services.
The bank operates through an extensive domestic branch network along with overseas offices across multiple countries and remains one of the most systemically important financial institutions in India.
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Disclaimer: This article is for informational purposes only and not investment advice.