SBI to seek board approval for funds; Axis Bank raises $500 mn
Published on: May 8, 2026, 11:44 a.m. | Source: The Economic Times
State Bank of Indias board will meet on May 12 to consider raising up to $2 billion through long-term foreign currency bonds in FY27 via public offers or private placements. Meanwhile, Axis Bank has secured a $500 million three-year loan from Japans MUFG at SOFR plus 85 basis points, with the funds aimed at lending and general business needs.
