State Bank of India (SBI) is set to become the first Indian bank in 2026 to issue Basel III-compliant Additional Tier-I (AT-1) Perpetual Bonds.
SBI plans to raise ₹5,000 crore through these bonds as part of its ₹60,000 crore capital-raising programme for Financial Year (FY) 2026–27.
AT-1 Perpetual Bonds are debt instruments that help banks strengthen their capital base, improve Capital Adequacy Ratio (CAR), and meet Basel III norms.
These bonds do not have a fixed maturity period but usually include a call option, allowing redemption after a specified period with regulatory approval.
The issuance will support SBI’s financial stability, future lending capacity, and compliance with banking regulations.