SBI to Launch Massive $2.9 Billion Share Sale Next Week to Fortify Capital Base and Fuel Growth

India’s largest lender, State Bank of India (SBI), is reportedly preparing to raise ₹25,000 crore (approximately $2.9 billion) through a qualified institutional placement (QIP) as early as next week, according to sources cited by Bloomberg. The move is aimed at strengthening SBI’s Common Equity Tier-1 (CET1) capital and supporting its long-term growth strategy amid rising credit demand.

 

Why It Matters

SBI’s Financial Momentum

Market Buzz

The share sale is expected to attract strong interest from foreign institutional investors, sovereign wealth funds, and domestic mutual funds, given SBI’s scale, asset quality, and strategic importance in India’s financial ecosystem.

 

Sources: Bloomberg, Economic Times, Business Times, Hindu BusinessLine