Recently, which Indian bank is set to become the first in 2026 to issue Basel III-compliant Additional Tier-I (AT-1) Perpetual Bonds?

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The correct answer is Option A: State Bank of India. State Bank of India (SBI) will become the first Indian bank in 2026 to issue Basel III-compliant Additional Tier-I (AT-1) Perpetual Bonds. SBI plans to raise ₹5,000 crore through the proposed AT-1 Perpetual Bond issue to strengthen its capital base. The proposed bonds will carry a five-year call option, exercisable subject to approval from the Reserve Bank of India (RBI) and other regulators. The bond issue is part of SBI’s ₹60,000 crore capital-raising plan approved by its Board in June 2026. AT-1 Perpetual Bonds are classified as Additional Tier-I Capital under the Basel III framework and have no fixed maturity date. These bonds help banks improve the Capital Adequacy Ratio (CAR), absorb financial losses, and comply with Basel III capital requirements. Canara Bank was the last Indian bank to issue AT-1 Perpetual Bonds, raising ₹3,500 crore in November 2025. State Bank of India (SBI) was established in 1955, has its headquarters in Mumbai, and is currently chaired by Challa Sreenivasulu Setty.

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Bank of Baroda

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Punjab National Bank

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Canara Bank

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Union Bank of India

Recently, which Indian bank is set to become the first in 2026 to issue Basel III-compliant Additional Tier-I (AT-1) Perpetual Bonds?

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Recently, which Indian bank is set to become the first in 2026 to issue Basel III-compliant Additional Tier-I (AT-1) Perpetual Bonds?

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