State Bank of India — Bonds & AAA (CRISIL) Rating on senior bonds
Bank · Financial Services
As of 9 Nov 2026, State Bank of India has 39 active bonds with ₹1,98,335 Cr outstanding (disclosed for 34 of 39 bonds), and the most common current rating on its senior bonds is AAA from CRISIL (14 of 14 rated bonds, rated 24 Jul 2026).
Verify this issuer →Latest events
Last 90 days · company disclosures to the exchanges and agency announcements. Not our assessment.- 26 Oct 2026 Interest payment notice Disclosure under Regulation 57 of SEBI LODR Regulations 2015 regarding payment of annual interest for bond series bearing ISIN INE062A08462
- 25 Sep 2026 Interest payment notice Revision of interest payment date
- 21 Sep 2026 Interest payment notice Confirmation regarding payment of annual interest for bond series INE062A08454
- 9 Sep 2026 Interest payment notice Disclosure under Regulation 57 regarding payment of annual interest for ISIN INE062A08314
- 4 Sep 2026 Interest payment notice Disclosure regarding payment of Bond proceeds (Principal and interest) for bond series INE062A08280
State Bank of India bonds: risks and track record
1 item to look at- Current ratings CRISIL AA, CRISIL AAA, CARE AAA
- Rating range All current ratings on senior bonds are AAA (CARE 24 Jul 2026, CRISIL 24 Jul 2026, ICRA 31 Oct 2025, India Ratings 30 Nov 2024). Current ratings on AT1 / perpetual bonds range from AA (CRISIL 24 Jul 2026) to AA+ (CARE 31 Aug 2026, CRISIL 31 Dec 2020)
- Rating direction, 12 months 0 upgrades, 0 downgrades
- Watch / negative outlook None in 12 months
- Issuer not cooperating No such actions in 12 months
- Rating withdrawn, 12 months No withdrawal of this issuer's rating in 12 months
- Newest agency rating Dated 31 Aug 2026
- Payment record 14 payment disclosures since 17 Jul 2026: all on time
- Defaults on record No bond marked defaulted
- Traded in the last 30 days 13 of 39 active bonds had an exchange trade
- Exchange filings, 90 days 44 filings on NSE/BSE
A checklist of published facts, not a rating or a view on credit quality. Ratings are the agencies' own; payment record covers NSE disclosures since 17 Jul 2026; "late" means paid more than 3 days after the due date (next-working-day payments are allowed). Rating range covers every current rating on the issuer's active bonds, with each agency's rating date. Rating actions count only when the agency's heading names this issuer, not pools or trusts it originated; a withdrawal is flagged only when the issuer's rating itself is withdrawn, not a single facility. Rating age uses the newest rating date on file and is flagged when older than 12 months. See methodology.
Issuer Overview
- 39 active bonds tracked from this issuer.
- 0 of 35 tracked bonds with a stated security status are secured. (based on 35 bonds with a disclosed security status)
- Most recent rating action: initial by CRISIL on 24 Jul 2026.
State Bank of India is a bank or financial institution in the Financial Services sector. Coupon rates on outstanding bonds range from 5.83% - 9.56%, paid annually. Bonds mature between 2028 - 2039.
Data sourced from NSDL, BSE, NSE, and registered credit rating agencies. Verify against the issuer's offer document before transacting.
Thanks — your suggestion has been submitted for review.
Debt Profile
Maturity Profile
Active bonds maturing, by year. Bar height relative to the tallest year (21 bonds).
Security Type / Instrument Mix
- NCD 39 bonds · 100% · ₹1,98,335 Cr tracked
Funding Evolution
Based on 34 of 39 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.
Credit Profile
- AAA 19 bonds · 49%
- AA 19 bonds · 49%
- Unrated 1 bond · 3%
| Agency | Rating | Outlook | Bonds |
|---|---|---|---|
| CRISIL | AA | — | 9 |
| CARE | AAA | — | 6 |
| CRISIL | AAA | — | 5 |
| CARE | AA+ | Stable | 4 |
| CRISIL | AAA | Stable | 3 |
| CRISIL | AA+ | — | 2 |
| CRISIL | AA+ | Stable | 2 |
| ICRA | AAA | — | 2 |
| ICRA | AAA | Stable | 2 |
| India Ratings | AAA | Stable | 2 |
| CARE | AA+ | — | 2 |
| ICRA | AA+ | — | 2 |
| CARE | AAA | — | 1 |
| CRISIL | AA+ | — | 1 |
| CRISIL | AAA | — | 1 |
| ICRA | AAA | — | 1 |
| India Ratings | AAA | — | 1 |
Recent Rating Actions
State Bank of India Bond Interest Rates
Coupons on State Bank of India's 39 active bonds range from 5.83% to 9.56%. 11 traded in the last 30 days, at yields from 7.05% to 8.25% (median 8.03%; latest trade 6 Nov 2026).
| Maturity year | Active bonds | Coupon range | Traded (last 30 days) | Median yield |
|---|---|---|---|---|
| 2028 | 1 | 8.90% | 0 | — |
| 2029 | 1 | 7.99% | 0 | — |
| 2030 | 2 | 5.83% to 6.24% | 0 | — |
| 2032 | 1 | 7.51% | 0 | — |
| 2035 | 2 | 6.80% to 6.93% | 1 | 7.25% |
| 2036 | 1 | 7.05% | 1 | 7.58% |
| 2037 | 1 | 7.57% | 0 | — |
| 2038 | 4 | 7.49% to 7.81% | 1 | 8.03% |
| 2039 | 5 | 7.23% to 7.42% | 4 | 8.03% |
| Perpetual | 21 | 7.55% to 9.56% | 4 | 8.16% |
Coupon is the interest rate on face value, from the bond records. Yield is the market yield from the latest BSE/NSE trade, counted only when that trade is at most 30 days old and passes the checks in our methodology.
Calculate the yield on State Bank of India 6.80% Aug 2035 NCD (most recently traded; the calculator is pre-filled with its coupon and maturity)
Outstanding Bonds
View all bonds →YTM is the market yield from the latest BSE/NSE trade. It shows “—” when that trade is over 30 days old, the bond is under 30 days from maturity, it is a market-linked debenture, or the price failed our checks (hover the dash for the reason). A coupon is never shown as a yield.
Market Activity
Last 30 days, across all outstanding bonds from this issuer.
Payment Disclosures (SEBI Reg52(4))
14 disclosedInterest and redemption payments as broadcast by NSE under SEBI LODR Reg 52(4)/60, across all outstanding bonds from this issuer -- actual disclosed events, not a projected schedule.
| Due Date | Bond | Type | Amount Due | Amount Paid | Status | Filing |
|---|---|---|---|---|---|---|
| 2 Nov 2026 | SBI-7.81%-2-11-38-PVT | Interest | ₹7,81,00,00,000.00 | ₹7,81,00,00,000.00 | Paid | XBRL → |
| 24 Oct 2026 | SBI-7.98%-PERPETUAL-PVT | Interest | ₹3,99,00,00,000.00 | ₹3,99,00,00,000.00 | Paid | XBRL → |
| 20 Oct 2026 | SBI-6.93%-20-10-35-PVT | Interest | ₹5,19,75,00,000.00 | ₹5,19,75,00,000.00 | Paid | XBRL → |
| 18 Oct 2026 | SBI-7.72%-PERPETUAL-PVT | Interest | ₹4,63,20,00,000.00 | ₹4,63,20,00,000.00 | Paid | XBRL → |
| 18 Oct 2026 | SBI-7.72%-PERPETUAL-PVT | Redemption | ₹60,00,00,00,000.00 | ₹60,00,00,00,000.00 | Paid | XBRL → |
| 26 Sep 2026 | SBI-7.49%-24-9-38-PVT | Interest | ₹7,49,00,00,000.00 | ₹7,49,00,00,000.00 | Paid | XBRL → |
| 23 Sep 2026 | 7.57% UNSECURED RATED LISTED... | Interest | ₹3,02,80,00,000.00 | ₹3,02,80,00,000.00 | Paid | XBRL → |
| 20 Sep 2026 | SBI-7.33%-20-9-39-PVT | Interest | ₹5,49,75,00,000.00 | ₹5,49,75,00,000.00 | Paid | XBRL → |
| 9 Sep 2026 | 7.75% UNSECURED RATED LISTED BASEL... | Interest | ₹5,32,58,00,000.00 | ₹5,32,58,00,000.00 | Paid | XBRL → |
| 3 Sep 2026 | SBI-7.72%-PERPETUAL-PVT | Interest | ₹3,08,80,00,000.00 | ₹3,08,80,00,000.00 | Paid | XBRL → |
| 3 Sep 2026 | SBI-7.72%-PERPETUAL-PVT | Redemption | ₹40,00,00,00,000.00 | ₹40,00,00,00,000.00 | Paid | XBRL → |
| 29 Aug 2026 | SBI-7.42%-29-8-39-PVT | Interest | ₹5,56,50,00,000.00 | ₹5,56,50,00,000.00 | Paid | XBRL → |
| 21 Aug 2026 | SBI-6.80%-21-8-35-PVT | Interest | ₹6,07,31,00,000.00 | ₹6,07,31,00,000.00 | Paid | XBRL → |
| 1 Aug 2026 | SBI-7.54%-01-08-38-PVT | Interest | ₹7,54,00,00,000.00 | ₹7,54,00,00,000.00 | Paid | XBRL → |
Source: NSE Debt Centralised Database, per SEBI LODR Reg 52(4)/60. Coverage begins 2 Aug 2026 — history accumulates as disclosures are broadcast.
Regulatory Filings
Methodology & Data Coverage
| Dataset | Count | Freshness |
|---|---|---|
| Credit Ratings (current) | 46 | 2026-08-31 |
| Rating Actions History | 1 | 2026-07-24 |
| Secondary-Market Trades | 155 | 2026-11-06 |
| Reg52(4) Payment Disclosures | 14 | 2026-11-02 |
Methodology version 1.0. See full methodology for sources and limitations.
Related Issuers
More issuers starting with S →How many active bonds does State Bank of India have?
State Bank of India currently has 39 active bonds with coupons of 5.83% - 9.56%, maturities spanning 2028 - 2039.
What is the interest rate on State Bank of India bonds?
Coupons on State Bank of India's 39 active bonds range from 5.83% to 9.56%. The coupon is the fixed interest rate on face value; the market yield depends on the price paid. 11 traded in the last 30 days, at yields from 7.05% to 8.25% (median 8.03%; latest trade 6 Nov 2026).
What is State Bank of India's credit rating?
The most common current rating on State Bank of India's senior bonds is AAA (CRISIL). Ratings on file come from CARE, CRISIL, ICRA, India Ratings. Other instrument classes: Tier II / subordinated: AAA (CARE) · AT1 / perpetual: AA (CRISIL).
Are State Bank of India's bonds secured?
Of the 35 bonds with a disclosed security status, 0 are secured (0%) and 35 are unsecured.
When do State Bank of India's bonds mature?
State Bank of India's active bonds mature between 2028 - 2039; the nearest matures in Nov 2028; the average tenure is 9.3 Yrs.
What is the average coupon on State Bank of India's bonds?
The average coupon across State Bank of India's 39 active bonds is 7.87%.
Where can I buy State Bank of India NCDs?
By our records, at least 36 of State Bank of India's 39 active bonds are listed on BSE. Listed bonds are bought on the exchange through a SEBI-registered stockbroker or an online bond platform provider, into a demat account. 11 of State Bank of India's active bonds traded in the last 30 days; many listed bonds trade rarely. RetailBonds.in shows data only and does not sell bonds or advise on them.
Disclaimer: This page aggregates publicly available data about State Bank of India for informational purposes only. Ratings shown are the opinion of the issuing rating agency and are not buy/sell recommendations. RetailBonds.in does not issue its own ratings or investment advice. Verify all data against the issuer’s offer document before transacting.