State Bank of India plans to issue perpetual bonds soon. The bank aims to raise fifty billion rupees within two weeks. This issuance will be Basel III-compliant with a five-year call option. The country's largest lender expects to complete this by early August. Canara Bank last tapped the market for similar bonds in November 2025.

State Bank of India plans to issue perpetual bonds soon. The bank aims to raise fifty billion rupees within two weeks. This issuance will be Basel III-compliant with a five-year…

State-run Canara Bank was the last lender to tap the market, raising ₹3,500 crore through Basel III-compliant additional Tier I perpetual bonds at a 7.55 per cent coupon in…