The executive committee of the central board in its meeting on 18th April 2023 approved "long term fund raising in single / multiple tranches up to US$ 2 Billion (US$ Two Billion) under Reg-S/144A, through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during FY 2023-24."

SBI is an Indian multinational, public sector banking and financial services statutory body. As of March 2023, the Government of India held 57.49% stake in the bank. It reported 68.47% jump in standalone net profit to Rs 14,205.34 crore on a 25.18% rise in total income to Rs 98,083.77 crore in Q3 FY23 over Q3 FY22.

Shares of SBI were up 0.22% at Rs 547 on the BSE.