Mumbai: State Bank of India (SBI) has confirmed that there has been no deviation or variation in the utilisation of funds raised through various debt instruments during the quarter ended December 31, 2025, in compliance with applicable SEBI regulations.
In its regulatory disclosure filed with stock exchanges, the country’s largest lender stated that proceeds raised during the quarter were utilised strictly in line with the stated objectives at the time of issuance. The disclosure was made pursuant to Regulation 32 and Regulation 52(7)/(7A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
During the quarter, SBI raised ₹7,500 crore through Basel III compliant Tier II bonds via private placement. The bank confirmed that the entire amount was utilised for augmenting Tier II capital and strengthening overall capital adequacy, in accordance with Reserve Bank of India guidelines. No part of the proceeds was diverted or used for purposes other than those disclosed in the offer documents.
The bank also clarified that there was no requirement for shareholder approval, audit committee remarks, or auditor comments, as there were no changes in the terms, objects, or utilisation of the funds raised.
As of December 31, 2025, SBI continues to maintain a diversified portfolio of outstanding non-convertible debt securities, including Tier II bonds, Additional Tier I bonds, and Long-Term Bonds, all of which have been utilised as per their respective stated purposes.
The disclosure reaffirms SBI’s adherence to regulatory norms and transparency standards in capital raising and fund utilisation.