Overview
- SBI has appointed six banks—including Kotak Mahindra, Citigroup, HSBC, Morgan Stanley and ICICI Securities—to manage a ₹25,000 crore Qualified Institutional Placement expected by end-July, potentially ranking among India’s largest equity raises.
- Union Bank’s board approved raising up to ₹6,000 crore split evenly between equity capital via a public offer, rights issue, QIP or preferential allotment and Basel III-compliant AT1 and Tier 2 bonds.
- Bank of India’s board approved issuing up to ₹20,000 crore in long-term infrastructure bonds to fund projects such as highways and public transit assets.
- SBI’s capital adequacy ratio stood at 14.25% as of March 31, 2025, down slightly from a year earlier but remaining above the regulatory minimum of 12.1%.
- The government revoked Pankaj Dwivedi’s appointment as Union Bank executive director, reinstating him as general manager at Punjab & Sind Bank.