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

IDBI Bank

09/07/2025 16:48

July 9 (Reuters) - 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 SBI.NS, the country's biggest lender by assets, will launch its QIP soon, the source said.

($1 = 85.6900 Indian rupees)

 (Reporting by Nikunj Ohri in New Delhi; Editing by Shailesh Kuber)

 ((chris.thomas@thomsonreuters.com;))