New Delhi, March 17 -- Shares of State Bank of India (SBI) declined nearly one percent on Monday, March 17, following reports that the country's largest lender by assets has decided to delay its bond issuance plans for the current fiscal year. Despite a policy rate cut and ample liquidity infusion by the Reserve Bank of India (RBI), the bank remains cautious due to elevated bond yields, opting to revisit its fundraising strategy in the next financial year.

SBI had initially planned to raise up to Rs.150 billion (approximately $1.7 billion) through bond sales before the end of March. However, due to persistently high yields, the bank has postponed the move, with plans to explore the market in the upcoming fiscal year starting April, accor...