State Bank of India (SBI) has successfully raised ₹25,000 crore through a Qualified Institutional Placement (QIP), marking one of the largest equity capital infusions in the Indian banking sector. Notably, SBI paid a symbolic fee of just ₹1 to each of the five investment banks managing the issue, showcasing both its market stature and investor confidence. This strategic move aims to strengthen the bank's capital base, support growth, and align with Basel III norms.
https://fincrif.com/sbis-25-00....0-crore-qip-a-strate
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