SBI shares in focus after plan to raise $3 billion in FY26

Shares of State Bank of India (SBI) will be in focus on Thursday after the country’s largest lender announced plans to raise up to $3 billion in the current financial year.

In a regulatory filing on Wednesday, SBI said its Executive Committee of the Central Board will meet on May 20 to consider long-term fundraising options.

The committee will “examine the status and decide on long-term fundraising in single/multiple tranches of up to USD 3 billion through a public offer and/or private placement of senior unsecured notes in US dollars or any other major foreign currency during FY2025-26,” the bank stated.


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SBI Q4 earnings

On May 3, SBI reported a 10% year-on-year decline in standalone net profit to Rs 18,643 crore for the quarter ended March 2025, compared to Rs 20,698 crore in the same period last year.

Total income rose to Rs 1,43,876 crore from Rs 1,28,412 crore. Interest income for the quarter stood at Rs 1,19,666 crore, up from Rs 1,11,043 crore.

On a consolidated basis, net profit declined 8% to Rs 19,600 crore from Rs 21,384 crore a year ago. However, consolidated total income increased to Rs 1,79,562 crore from Rs 1,64,914 crore.

For the full financial year 2024–25, standalone net profit rose 16% to Rs 70,901 crore from Rs 61,077 crore in FY24.

SBI share price target

According to Trendlyne data, the average target price for SBI stock is Rs 930, indicating a potential upside of 16% from current levels. Of the 41 analysts tracking the stock, the consensus rating remains a ‘Buy’.

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