Indian state-owned banks to raise $5.25 billion in 2025-26 via QIP

Indian state-owned banks will raise around 450 billion rupees ($5.25 billion) through qualified institutional placement (QIP) of shares to institutions in the financial year ended March 2026, a government source told reporters on Wednesday.

State Bank of India likely to tap debt market by Aug via tier II issue, sources say

State Bank of India, the country’s biggest lender by assets, will launch its QIP soon, the source said.