Overview

• State Bank of India plans to sell up to ₹25,000 crore of shares via a qualified institutional placement starting next week.
• Deal structure and timing have not been finalized and could change before launch.
• Six banks including Citigroup India, HSBC India, ICICI Securities, Kotak Investment Banking, Morgan Stanley and SBI Capital Markets have been shortlisted to manage the transaction.
• Proceeds will shore up the lender’s balance sheet to support loan growth and meet tighter regulatory capital requirements.
• This offering marks SBI’s first equity issuance since 2017 and underscores its strategic reentry into capital markets.