State Bank of India to Launch 250 Billion Rupees QIP Today
ByAinvest
Wednesday, Jul 16, 2025 2:02 am ET1min read
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SBI, with a retail bank segment accounting for 43.1% of its income, is majority-owned by the government. The bank had INR 36,812.8 billion in current deposits and INR 24,495 billion in current credits as of March 2020. The QIP is the first time since 2017 that the lender has tapped the equity market [3].
The bank's board had approved the sale in May. SBI has shortlisted six investment banks to manage the transaction, including the Indian arms of Citigroup Inc. and HSBC Holdings Plc, as well as ICICI Securities Ltd., Kotak Investment Banking, Morgan Stanley, and SBI Capital Markets Ltd. [3].
If fully subscribed, the QIP would mark the biggest in India, surpassing Coal India Ltd.'s 225.6 billion rupee sale in 2015 [3].
The government source also indicated that Indian state-owned banks will raise around 450 billion rupees through QIP in the 2025-26 financial year [1]. This includes the government completing its stake sale in IDBI Bank by October and plans to sell shares in UCO Bank, Bank of Maharashtra, Central Bank of India, Punjab & Sind Bank, and Indian Overseas Bank in the financial year [1].
Prime Minister Narendra Modi's government laid out plans in this year's budget to raise 470 billion rupees through stake sales and asset monetisation [1].
References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3T61BA:0-indian-state-owned-banks-to-raise-5-25-billion-in-2025-26-via-qip-source-says/
[2] https://www.marketscreener.com/quote/stock/STATE-BANK-OF-INDIA-18603402/news/State-Bank-of-India-to-plan-2-9-billion-share-sale-as-soon-as-next-week-Bloomberg-News-reports-50477205/
[3] https://www.ndtvprofit.com/amp/markets/sbis-rs-25000-crore-qip-likely-next-week
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State Bank of India (SBI) is set to launch a Qualified Institutional Placement (QIP) worth 250 billion rupees today, according to CNBC-TV18 sources. SBI is India's largest commercial bank, with a retail bank segment accounting for 43.1% of its income, followed by market bank and business bank segments. The bank had INR 36,812.8 billion in current deposits and INR 24,495 billion in current credits as of March 2020.
State Bank of India (SBI), India's largest commercial bank, is set to launch a Qualified Institutional Placement (QIP) worth 250 billion rupees today, according to CNBC-TV18 sources. The QIP is part of SBI's broader plans to support loan growth, strengthen its balance sheet, and meet regulatory requirements [3].SBI, with a retail bank segment accounting for 43.1% of its income, is majority-owned by the government. The bank had INR 36,812.8 billion in current deposits and INR 24,495 billion in current credits as of March 2020. The QIP is the first time since 2017 that the lender has tapped the equity market [3].
The bank's board had approved the sale in May. SBI has shortlisted six investment banks to manage the transaction, including the Indian arms of Citigroup Inc. and HSBC Holdings Plc, as well as ICICI Securities Ltd., Kotak Investment Banking, Morgan Stanley, and SBI Capital Markets Ltd. [3].
If fully subscribed, the QIP would mark the biggest in India, surpassing Coal India Ltd.'s 225.6 billion rupee sale in 2015 [3].
The government source also indicated that Indian state-owned banks will raise around 450 billion rupees through QIP in the 2025-26 financial year [1]. This includes the government completing its stake sale in IDBI Bank by October and plans to sell shares in UCO Bank, Bank of Maharashtra, Central Bank of India, Punjab & Sind Bank, and Indian Overseas Bank in the financial year [1].
Prime Minister Narendra Modi's government laid out plans in this year's budget to raise 470 billion rupees through stake sales and asset monetisation [1].
References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3T61BA:0-indian-state-owned-banks-to-raise-5-25-billion-in-2025-26-via-qip-source-says/
[2] https://www.marketscreener.com/quote/stock/STATE-BANK-OF-INDIA-18603402/news/State-Bank-of-India-to-plan-2-9-billion-share-sale-as-soon-as-next-week-Bloomberg-News-reports-50477205/
[3] https://www.ndtvprofit.com/amp/markets/sbis-rs-25000-crore-qip-likely-next-week
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