State Bank Of India — Bonds & AAA (CARE) Rating

Bank

Verify this issuer →
Methodology v1.0 Download Report (PDF)
Latest Rating
AAA (CARE)
Total Debt Outstanding
₹193,644 Cr
Across 39 instruments
Listed Bonds
39
First Issue
2009-11-25
Latest Issue
2026-07-30
Maturity Range
2028 - 2039
Observation
39 active bonds tracked from this issuer.
View details →
Coverage: High Data Quality: High Sources: NSE, BSE, SEBI, rating agencies
01 Issuer Overview
Sector
—
Issuer Type
Bank
First Tracked Bond
2009-11-25
Start of this issuer's debt program timeline
  • 39 active bonds tracked from this issuer.
  • 0 of 34 tracked bonds with a stated security status are secured. (based on 34 bonds with a disclosed security status)
  • Most recent rating action: initial by CRISIL on 2026-07-24.

State Bank Of India is a bank or financial institution. Coupon rates on outstanding bonds range from 5.83% - 9.56%, paid annual. 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.

02 Debt Profile
Outstanding Bonds
39
Tracked by RetailBonds
Amount Tracked
₹193,644 Cr
Of bonds tracked by RetailBonds — not the issuer's total outstanding debt (disclosed for 33 of 39 bonds)
Avg Coupon
7.87%
Range 5.83% - 9.56%
Avg Remaining Tenure
9.4 Yrs
Nearest maturity 2028-11
Secured
0%
0 of 34 bonds with known status
Callable
6
Of 39 bonds
Avg Spread vs G-Sec
+79 bps
Credit premium (indicative)

Maturity Profile

Active bonds maturing, by year. Bar height relative to the tallest year (21 bonds).

0 2028: 1 bond, ₹5,000 Cr tracked, avg coupon 8.90% 1 bond 2028 2029: 1 bond, avg coupon 7.99% 1 bond 2029 2030: 2 bonds, avg coupon 6.04% 2 bonds 2030 2032: 1 bond, ₹10,000 Cr tracked, avg coupon 7.51% 1 bond 2032 2035: 2 bonds, ₹16,431 Cr tracked, avg coupon 6.87% 2 bonds 2035 2036: 1 bond, ₹6,051 Cr tracked, avg coupon 7.05% 1 bond 2036 2037: 1 bond, ₹4,000 Cr tracked, avg coupon 7.57% 1 bond 2037 2038: 4 bonds, ₹39,718 Cr tracked, avg coupon 7.63% 4 bonds 2038 2039: 5 bonds, ₹45,000 Cr tracked, avg coupon 7.34% 5 bonds 2039 2042+: 21 bonds, ₹67,444 Cr tracked, avg coupon 8.33% 21 bonds 2042+

Security Type / Instrument Mix

  • NCD 39 bonds · 100% · ₹193,644 Cr tracked

Funding Evolution

■ Issued that year — Cumulative outstanding (tracked)
2016: ₹2,500 Cr issued 2016 2017: ₹2,000 Cr issued 2017 2018: ₹11,066 Cr issued 2018 2019: ₹8,170 Cr issued 2019 2020: ₹15,431 Cr issued 2020 2021: ₹13,974 Cr issued 2021 2022: ₹20,872 Cr issued 2022 2023: ₹51,080 Cr issued 2023 2024: ₹55,000 Cr issued 2024 2025: ₹7,500 Cr issued 2025 2026: ₹6,051 Cr issued 2026 Cumulative: ₹2,500 Cr Cumulative: ₹4,500 Cr Cumulative: ₹15,566 Cr Cumulative: ₹23,736 Cr Cumulative: ₹39,167 Cr Cumulative: ₹53,141 Cr Cumulative: ₹74,013 Cr Cumulative: ₹125,093 Cr Cumulative: ₹180,093 Cr Cumulative: ₹187,593 Cr Cumulative: ₹193,644 Cr

Based on 33 of 39 active bonds with a known issue date and issue size — the rest are excluded, not assumed zero.

03 Credit Profile
  • AAA 19 bonds · 49%
  • AA 18 bonds · 46%
  • Unrated 2 bonds · 5%
AgencyRatingOutlookBonds
CRISIL AA — 11
CARE AAA — 7
CRISIL AAA — 6
INDIA_RATINGS AAA — 5
ICRA AAA — 4
CARE AA+ Stable 3
CRISIL AAA Stable 3
ICRA AA+ — 3
CARE AA+ — 2
CRISIL AA Stable 2
ICRA AAA Stable 2
INDIA_RATINGS AA+ — 2
INDIA_RATINGS AAA Stable 2
CRISIL AA+ — 1

Recent Rating Actions

2026-07-24 · CRISIL
AA+
Initial · Stable
04 Outstanding Bonds View all bonds →
ISIN Bond Name Coupon Rating Maturity YTM Last Trade
INE062A08165 SBI-8.90%-2-11-28-PVT 8.90% AAA (CRISIL) 2028-11-02 — —
INE062A08207 SBI-7.99%-28-6-29-PVT 7.99% AAA (CRISIL) 2029-06-28 — —
INE062A08256 SBI-6.24%-21-9-30-PVT 6.24% AAA (CRISIL) 2030-09-21 — —
INE062A08264 SBI-5.83%-26-10-30-PVT 5.83% AAA (CRISIL) 2030-10-26 — —
INE062A08330 7.51% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE BOND IN NATURE OF DEBENTURES SERIES LTB TRANCHE I DATE OF MATURITY 06/12/2032 7.51% AAA (INDIA_RATINGS) 2032-12-06 — —
INE062A08231 SBI-6.80%-21-8-35-PVT 6.80% AAA (CRISIL) 2035-08-21 — 2026-09-01
INE062A08488 SBI-6.93%-20-10-35-PVT 6.93% AAA (ICRA) 2035-10-20 — —
INE062A08496 SBI-7.05%-20-3-36-PVT 7.05% AAA (CRISIL) 2036-03-20 — —
INE062A08322 7.57% UNSECURED RATED LISTED SUBORDINATED BASEL III COMPLIANT TIER 2 NON CONVERTIBLE BOND IN THE NATURE OF DEBENTURE. SERIES 2022-I. DATE OF MATURITY 23/09/2037. 7.57% AAA (ICRA) 2037-09-23 — —
INE062A08348 SBI-7.70%-19-1-2038-PVT 7.70% AAA (ICRA) 2038-01-19 7.93% 2026-09-22
INE062A08389 SBI-7.54%-01-08-38-PVT 7.54% AAA (ICRA) 2038-08-01 7.85% 2026-09-22
INE062A08397 SBI-7.49%-24-9-38-PVT 7.49% AAA (INDIA_RATINGS) 2038-09-24 — —
INE062A08405 SBI-7.81%-2-11-38-PVT 7.81% AAA (CRISIL) 2038-11-02 — —
INE062A08421 7.36% UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE BOND IN THE NATURE OF DEBENTURES. SERIES SBI 2024 LTB 1 DATE OF MATURITY 27/06/2039. 7.36% AAA (ICRA) 2039-06-27 7.44% 2026-06-25
INE062A08439 7.36% UNSECURED RATED LISTED REDEEMABLE NON-CONVERTIBLE BONDS IN THE NATURE OF DEBENTURE SERIES SBI 2024 LTB SERIES 2 DATE OF MATURITY 11/07/2039. 7.36% AAA (CRISIL) 2039-07-11 — —
INE062A08447 SBI-7.42%-29-8-39-PVT 7.42% AAA (ICRA) 2039-08-29 — —
INE062A08454 SBI-7.33%-20-9-39-PVT 7.33% AAA (CRISIL) 2039-09-20 7.36% 2026-09-15
INE062A08470 SBI-7.23%-19-11-39-PVT 7.23% AAA (CARE) 2039-11-19 — —
INE062A08215 SBI-8.75%-PERPETUAL-PVT 8.75% AA (CRISIL) 2099-12-30 — —
INE062A08173 SBI-9.56%-PERPETUAL-PVT 9.56% AA+ (ICRA) 2099-12-30 — —
INE062A08181 SBI-9.37%-PERPETUAL-PVT 9.37% AA+ (ICRA) 2099-12-30 — —
INE062A08157 SBI-8.15%-PERPETUAL-PVT 8.15% AA+ (CARE) 2099-12-30 — —
INE062A08140 SBI-8.39%-PERPETUAL-PVT 8.39% AA+ (CARE) 2099-12-30 — —
INE062A08272 SBI-7.73%-PERP-AT1 7.73% AA (CRISIL) 2099-12-31 — —
INE062A08249 SBI-7.74-PERPETUAL-PVT 7.74% AA (CRISIL) 2099-12-31 — —
INE062A08199 SBI-9.45%-PERPETUAL-PVT 9.45% AA+ (CRISIL) 2099-12-31 — —
INE062A08223 SBI-8.50%-PERPETUAL-PVT 8.50% AA (CRISIL) 2099-12-31 — —
INE062A08132 SBI-8.75%- PERPETUAL-PVT 8.75% — 2099-12-31 — —
INE062A08504 7.75% UNSECURED RATED LISTED REDEEMABLE PERPETUAL NON CONVERTIBLE DEBENTURE SERIES AT1 2026 1 7.75% — 2100-12-31 — —
INE062A08306 SBI-7.55%-PERPETUAL-PVT 7.55% AA (CRISIL) 2999-03-31 — 2026-07-27
INE062A08462 SBI-7.98%-PERPETUAL-PVT 7.98% AA (CRISIL) 2999-12-31 7.65% 2026-09-16
INE062A08371 SBI-8.10%-PERPETUAL-PVT 8.10% AA (CRISIL) 2999-12-31 7.73% 2026-09-09
INE062A08413 SBI-8.34%-PERPETUAL-PVT 8.34% AA (CRISIL) 2999-12-31 7.86% 2026-08-18
INE062A08280 SBI-7.72%-PERPETUAL-PVT 7.72% AA (CRISIL) 2999-12-31 — 2026-08-14
INE062A08298 SBI-7.72%-PERPETUAL-PVT 7.72% AA (CRISIL) 2999-12-31 7.00% 2026-09-18
INE062A08314 7.75% UNSECURED RATED LISTED BASEL III COMPLAINT ADDITIONAL TIER 1 NON CONVERTIBLE PERPETUAL BOND IN THE NATURE OF DEBENTURE. SERIES 2022-I. 7.75% AA (CRISIL) 9999-12-31 7.89% 2026-09-24
INE062A08363 8.25% UNSECURED RATED LISTED NON CONVERTIBLE PERPETUAL SUBORDINATED BASEL III COMPLAINT ADDITIONAL TIER 1 BONDS IN THE NATURE OF DEBENTURES. SERIES III 8.25% AA (CRISIL) 9999-12-31 — —
INE651A09072 Reset rate Unsecured Non Convertible Perpetual Bond in nature of promissory notes 9.10% AAA (CARE) 9999-12-31 — —
INE062A08355 8.20% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE PERPETUAL SUBORDINATED BASEL III COMPLAINT ADDITIONAL TIER 1 BOND IN NATURE DEBENTURES SERIES II 8.20% AA (CRISIL) 9999-12-31 — 2026-06-29
Compare (/) Compare Bonds

YTM and Last Trade depend on secondary-market volume — shown only for bonds with a recorded BSE/NSE trade.

05 Market Activity

Last 30 days, across all outstanding bonds from this issuer.

Traded Value (Last 30 Days)
₹0.0 Cr
Number of Trades (Last 30 Days)
31
Avg. Yield (Last 30 Days)
7.67%
06 Payment Disclosures (SEBI Reg52(4)) 8 disclosed

Interest 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 DateBondTypeAmount DueAmount PaidStatusFiling
2026-09-23 7.57% UNSECURED RATED LISTED... Interest ₹3,028,000,000.00 ₹3,028,000,000.00 Paid XBRL →
2026-09-20 SBI-7.33%-20-9-39-PVT Interest ₹5,497,500,000.00 ₹5,497,500,000.00 Paid XBRL →
2026-09-09 7.75% UNSECURED RATED LISTED BASEL... Interest ₹5,325,800,000.00 ₹5,325,800,000.00 Paid XBRL →
2026-09-03 SBI-7.72%-PERPETUAL-PVT Interest ₹3,088,000,000.00 ₹3,088,000,000.00 Paid XBRL →
2026-09-03 SBI-7.72%-PERPETUAL-PVT Redemption ₹40,000,000,000.00 ₹40,000,000,000.00 Paid XBRL →
2026-08-29 SBI-7.42%-29-8-39-PVT Interest ₹5,565,000,000.00 ₹5,565,000,000.00 Paid XBRL →
2026-08-21 SBI-6.80%-21-8-35-PVT Interest ₹6,073,100,000.00 ₹6,073,100,000.00 Paid XBRL →
2026-08-01 SBI-7.54%-01-08-38-PVT Interest ₹7,540,000,000.00 ₹7,540,000,000.00 Paid XBRL →

Source: NSE Debt Centralised Database, per SEBI LODR Reg 52(4)/60. Coverage begins 2026-08-02 -- history accumulates as disclosures are broadcast.

07 Regulatory Filings
BSE Corporate Announcements
Presentation 2026-09-14
Disclosure under Regulation 57 regarding payment of annual interest for ISIN INE062A08314 2026-09-09
Disclosure regarding payment of Bond proceeds (Principal and interest) for bond series INE062A08280 2026-09-04
NSE Corporate Announcements
Press Release 2026-07-21
General Updates 2026-07-17
General Updates 2026-07-16
Appointment 2026-07-15
Credit Rating 2026-07-14
General Updates 2026-07-13
General Updates 2026-07-11
General Updates 2026-07-10
General Updates 2026-07-09
Credit Rating 2026-07-08
Credit Rating Rationale
08 Methodology & Data Coverage
DatasetCountFreshness
Credit Ratings (current) 53 2026-07-24
Rating Actions History 1 2026-07-24
Secondary-Market Trades 88 2026-09-24
Reg52(4) Payment Disclosures 8 2026-09-23

Methodology version 1.0. See full methodology for sources and limitations.

Related Issuers

All issuers →
Frequently Asked Questions
How many active bonds does State Bank Of India have?

State Bank Of India currently has 39 active bonds with coupons 5.83% - 9.56%, maturities spanning 2028 - 2039.

What is State Bank Of India's credit rating?

The most recent rating on State Bank Of India's bonds is AAA (CARE), published by CARE, CRISIL, ICRA, INDIA_RATINGS.

Are State Bank Of India's bonds secured?

Of the 34 bonds with a disclosed security status, 0 are secured (0%) and 34 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 2028-11; the average tenure is 9.4 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%.

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.