MUMBAI: State Bank of India’s central board on Thursday approved a plan to raise up to Rs 60,000 crore during FY27 through a mix of debt instruments, signalling the lender’s intent to tap both domestic and overseas markets amid evolving funding conditions.The approval, granted at a meeting held on June 18, follows an earlier intimation to exchanges and is subject to govt approvals wherever required. The fundraise will be executed in rupees and/or any other convertible currency through the issuance of instruments including long-term bonds, Basel III-compliant Additional Tier 1 bonds, and Tier 2 bonds.The country’s largest lender said the capital will be raised via public offers or private placements and may be subscribed to by Indian as well as overseas investors, giving the bank flexibility to time markets and optimise costs.