State Bank of India (SBI) has submitted its statement of deviation or variation in the use of issue proceeds for the quarter ended December 31, 2025, as per Regulation 32 and 52(7)/(7A) of SEBI (LODR) Regulations, 2015. The bank reported that there were no deviations or variations in the utilization of funds raised through various modes, including public issue, rights issue, preferential issue, QIP, or others. This applies to both the statement of deviation/variation in use of proceeds for general funds and specifically for listed non-convertible debt securities. For the quarter ended December 31, 2025, SBI confirmed that no funds were raised through public issue, rights issue, preferential issue, or QIP. The statement also detailed that for the Basel III compliant Tier 2 Bonds raised on October 20, 2025, with an amount of ₹7,500 crore, the entire amount has been utilized, and there is no deviation reported. The annexure provided a list of domestic bonds (non-convertible debt securities) raised by SBI and outstanding as of December 31, 2025. Across all listed instruments, including Tier 2 Bonds, Additional Tier 1 (AT1) Bonds, and Long-Term Bonds (LTB), no deviation in utilization was reported. The total amount raised and utilized across these instruments as of that date was ₹1,57,757.00 crore.
