Archive · 25 Aug 2026
SBI Expects Nearly $10 Billion From NRI, Foreign Investors
State Bank of India wants to raise a large amount of money from overseas sources.
The bank expects the total to be about $9 billion to $10 billion.
Much of this money is expected to come from deposits.
Non-resident Indians and foreign investors are expected to contribute.
The bank may also use external commercial borrowings, known as ECBs.
These borrowings can give the bank more time to repay the money.
The chairman said the target should be reached by August 31.
The statement was made in an interview with PTI.
State Bank of India expects to mobilise approximately $9 billion to $10 billion by August 31.
The funds are expected to come predominantly from deposits.
Non-resident Indians and foreign investors are identified as key sources of the funds.
SBI Chairman said external commercial borrowings are also visible as a funding avenue.
External commercial borrowings would provide SBI with a longer repayment period, according to the chairman.
- Who
- State Bank of India and its chairman; non-resident Indians and foreign investors are expected to provide much of the funds.
- What
- SBI plans to mobilise approximately $9 billion to $10 billion on a consolidated basis.
- When
- By August 31; the year was not specified.
- Where
- The location was not specified; the funds are expected to come predominantly from overseas deposit sources.
- Why
- To raise funds, primarily through deposits, with external commercial borrowings also being considered.
- Expected amount
- Approximately $9 billion to $10 billion
- Deadline
- August 31
- Main funding source
- Deposits
- Other funding avenue
- External commercial borrowings
- Expected borrowing period
- External commercial borrowings would have a longer period available to SBI
- Basis
- The estimate is on a consolidated basis