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

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 SBIN, the country's biggest lender by assets, will launch its QIP soon, the source said.

($1 = 85.6900 Indian rupees)