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SBI raises ₹25,000 crore, largest QIP in India, to boost capital for lending growth.
The State Bank of India (SBI) raised ₹25,000 crore through a Qualified Institutional Placement (QIP), the largest such sale in Indian history, boosting its CET-1 capital buffer to 11.50%.
The QIP was oversubscribed 4.5 times, with 64.3% of bids from foreign investors.
The funds will support credit growth in retail, MSME, and corporate sectors.
SBI also reported a 16% increase in standalone profit to ₹70,901 crore for FY25.
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SBI recauda ₹ 25,000 crore, el QIP más grande de la India, para impulsar el capital para el crecimiento de los préstamos.