India: SBI said to look at $2.58b raise through QIP

India: SBI said to look at $2.58b raise through QIP

State Bank of India. Photo: Pradeep Gaur/Mint

The State Bank of India (SBI) is preparing to raise ₹15,000 crore to ₹18,000 crore through what is expected to be India’s largest qualified institutional placement (QIP) in the next few weeks, said three people aware of the development.