State Bank of India plans to raise up to $3 billion through long-term funding in FY 2025–26. The bank reported mixed quarterly results, with rising interest income and declining profit, while the stock trades near ₹801 with recent gains.
The share price of State Bank of India is trading at ₹801, up 0.16% from the previous close as of 10:30 AM IST. The intraday high for the stock has been ₹805.95, while the low stands at ₹795. The stock has delivered a negative return of 12.47% over the past 12 months but is up 9.55% in the last 3 months. The bank has announced plans to raise up to $3 billion in funds.
The largest public sector bank, State Bank of India (SBI), has announced an upcoming meeting of its Executive Committee of the Central Board. This important meeting is scheduled to take place on Tuesday, May 20, 2025, in Mumbai. The primary agenda is to review the current status and take a decision on long-term fundraising initiatives.
The bank is considering raising funds up to a total of $3 billion. This fundraising may be executed in single or multiple tranches during the financial year 2025-26. The methods under consideration for this capital infusion include a public offer and/or private placement of senior unsecured notes. These notes would be denominated in US Dollars or any other major foreign currency.
In Q4FY25 financial results, SBI's interest income stood at ₹1,19,666 Crore, marking an increase of 7.77% compared to the same period last year. However, the net profit for the same quarter was ₹18,643 Crore, reflecting a decrease of -9.93% year-on-year. For the fiscal year 2025, the total interest income reported is ₹4,62,489 crore, with a net income of ₹70,910 crore.
State Bank of India's net non-performing assets (NPAs) dropped to 0.47% in the January to March quarter, compared to 0.57% in the same quarter of the previous financial year. The gross non-performing assets (NPAs) dropped 42 basis points to 1.82% in the fourth quarter of the 2024-25 fiscal, compared to 2.24 per cent in the same period a year ago.
State Bank of India's provision for bad loans witnessed a 300 per cent jump in the January to March quarter of the 2024-25 fiscal to ₹6,442 crore, compared year-on-year (YoY) with ₹1,610 crore in the same period a year ago.
SBI is the largest bank in India in terms of assets and total business and is systemically important with an asset base of ₹66,20,674 crore as on December 31, 2024. The bank has the largest market share in advances and deposits in the Indian banking system. GoI is the major shareholder, holding 57.43% stake in the bank as on December 31, 2024. As on December 31, 2024, the bank had a network of over 22,740 domestic branches, 65,000 ATMs, and an international network of 245 offices across 29 countries.
Disclaimer: The article is for informational purposes only and not investment advice.
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