Chairman C S Setty said SBI was close to mobilising about $10 billion, equivalent to roughly ₹84,000 crore. Deposits account for most of the funds, with external commercial borrowings, or ECBs, contributing the rest. The report does not give an exact split between these sources.

The RBI brought forward the closing date for the FCNR-B deposit swap facility to August 31 from September 30. The facility helps banks manage foreign-currency deposits. The earlier deadline leaves SBI and other lenders with less time to use this route.

A separate dollar-rupee swap arrangement remains available until December 2026 for public sector companies that raise ECBs. These borrowings are foreign-currency loans sourced from overseas lenders. That longer deadline is distinct from the August closure of the deposit swap window.

Beyond the immediate fundraising effort, SBI’s Vision 2030 aims for ₹200 lakh crore in total business in its 75th anniversary year. Total business combines deposits and advances. SBI passed ₹100 lakh crore last year and exceeded ₹110 lakh crore by June 2024. Setty linked the ambition to economic expansion of 7–8% and expected annual balance-sheet growth of 11–12%, a pace he said would double the bank’s size in about six years.