SBI raises ₹25,000 cr to support ₹12 lakh cr credit growth
pre-market1 source ↓written by the desknot a recommendation
- through a qualified
- ₹25,000 cr
- in credit growth
- ₹12 lakh cr
- through bonds
- ₹12,500 cr
State Bank of India (SBI) has raised ₹25,000 cr through a qualified institutional placement (QIP) to support ₹12 lakh cr in credit growth over the next 5-6 years. The bank aims to maintain a capital adequacy ratio of 15% while mobilizing ₹12,500 cr through bonds. This strategic move enhances SBI's capacity to fund advances significantly.
Not investment advice. For informational purposes only.