State Bank of India (SBI), a leading public sector bank, has received regulatory approval to raise up to $2 billion during the fiscal year 2027 through overseas bond issuances. The bank plans to utilize a mix of public offerings and private placements to secure these funds. This capital raising initiative is intended to enhance SBI's capital base and facilitate its expansion in international funding markets. The move aligns with SBI's strategy to diversify its funding sources and support its business growth objectives globally. SBI has received approval to raise up to $2 billion in FY27 through overseas bond issuances. The update was published on 12 May 2026, 2:35 pm.