State Bank of India — Credit Ratings, 06-03-2026: Credit Rating- New

State Bank of India (SBI) secured strong credit ratings. India Ratings assigned 'IND AAA'/Stable to new ₹7,500 Cr Additional Tier II Bonds and reaffirmed existing long-term instruments at 'IND AAA'/Stable and 'IND A1+'. CRISIL assigned 'Crisil AAA'/Stable to new ₹7,500 Cr Tier II Bonds, reaffirming other high ratings like 'Crisil AAA'/Stable and 'Crisil A1+'. These ratings reflect SBI's dominant market position, robust financials, and strong government backing.