SBI To Consider Fundraising Of Up To $3 Billion
State Bank of India saw its net profit decline but net interest income grew in the final quarter of fiscal 2025.
State Bank of India is set to consider long-term fundraising of up to $3 billion during the current financial year, according to an exchange filing on Wednesday.
The executive committee of SBI's central board will hold a meeting in Mumbai next Tuesday to decide on the fundraising in single or multiple tranches through a public offer and/or private placement of senior unsecured notes in the US dollar or in any other major foreign currency, it added.
Q4 Results
SBI saw its net profit decline but net interest income grew in the final quarter of fiscal 2025.
Net profit of India's largest lender fell 10% over the year-ago period to Rs 18,643 crore in the three months ended March 31. The net interest income, or core income, rose 2.7% to Rs 42,775 crore. The net interest margin stood at 3.15%, as on March 31.
Shares of SBI closed 0.13% lower at Rs 800.7 apiece on the NSE, compared to a 0.36% advance in the benchmark Nifty. The stock has risen 0.72% on a year-to-date basis but declined 2.14% in the last 12 months.
