Deploying Funds
To use QIP funds to aid credit growth, strengthen capital buffers - SBI Setty
This story was originally published at 10:22 IST on 23 July 2025
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NEW DELHI - State Bank of India will use the INR 250 billion raised through India's largest ever qualified institutional placement to support credit growth and improve capital buffers, the bank's Chairman C.S. Setty said Wednesday. "The bank will utilise these funds to augment capital buffers, capital structure will be strengthened further, also it will support credit growth across various sectors," Setty said at an event at the National Stock Exchange.
SBI's fundraising was not only the largest qualified institutional placement in India, but also the largest equity raising in Indian capital markets, Setty said. The SBI chairman said the bank received robust demand for the qualified institutional placement, which was oversubscribed four and a half times and received more than 1.12 trillion bids. Foreign investors accounted for more than 64% of total demand, Setty said.
At 1002 IST, shares of SBI were trading 0.4% lower at INR 811.90 on the National Stock Exchange. The bank had reported a net profit of INR 186.43 billion for Jan-Mar, down 10% on year. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Shubham Rana
Edited by Vandana Hingorani
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