The appointed bankers include HSBC, Citi, Kotak, Morgan Stanley, ICICI Securities, and SBI Capital Markets.
SBI’s board had approved plans to raise ₹25,000 crore in its May 3 meeting, with the approval valid for 12 months.
The timing of the QIP will depend on market conditions.
If SBI proceeds with the QIP, it would mark the lender’s first equity fundraising since 2017.
The capital raise is aimed at strengthening the bank’s capital base, rather than funding growth.
SBI is targeting a Common Equity Tier 1 (CET1) ratio of 12% and a Capital to Risk-weighted Assets Ratio (CRAR) of 15% by March 2027. The proposed fundraising is expected to support these goals.
As of March 2025, SBI’s CET1 ratio stood at 10.81%, while its CRAR was at 14.25%.
CNBC-TV18 has reached out to SBI for comments. A response is awaited.
Out of the 50 analysts that have coverage on SBI, 40 of them have a ‘Buy’ rating on the stock, while nine of them have a ‘Hold’ rating and one has a ‘Sell’ rating.
Shares of SBI are trading 1.01% lower on Thursday at ₹791.95. The stock is flat on a year-to-date basis.
First Published: Jun 26, 2025 11:14 AM IST
