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SBI to issue first rupee-denominated perpetual debt of 2026: Report
Economic Times 2 hrs ago·24 Jul 2026, 5:52 am
State Bank of India (SBI) is reportedly planning to issue its first rupee-denominated perpetual debt instrument in 2026. This move would make SBI the first major bank in the country to tap the market for this specific type of bond. The proposed issuance is expected to raise around 50 billion rupees, with the funds likely to be raised within the next two weeks.
For investors, this development is significant as it highlights the bank's strategy to diversify its funding sources. Perpetual debt, which does not have a fixed maturity date, can help banks bolster their capital buffers without immediately increasing their long-term liabilities. This move is generally viewed positively as it strengthens the bank's financial position and supports its lending capabilities.
Investors should watch for the final terms of the bond, including the coupon rate and any special features. The successful execution of this plan will also set a benchmark for other banks in the sector.
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