Overview

• CEO Nidhu Saxena said the bank will use a QIP or offer for sale, with the route still under evaluation and DIPAM processes underway.
• The Centre currently owns 79.6% of the lender, and a sale of this size would bring it down to roughly the 75% promoter cap.
• The board has kept contingency approval to raise up to Rs 7,500 crore through debt and equity if required.
• A Rs 3,500 crore QIP in October 2024 lifted public shareholding to 20.4% from 13.5%, leaving a smaller gap to the 25% threshold.
• The bank reported June-quarter net profit of Rs 1,593 crore, up 23% year-on-year, and guided for 15% overall business growth and 17% credit growth in FY26.