SBI Chairman: Recent QIP Not Only The Largest, But The Largest Fund-Raiser Ever In India

State Bank of India’s ₹25,000-cr QIP has set new fund-raising records in the country. Speaking at an occasion at the National Stock Exchange marking 30 years of the bank’s listing, Chairman C S Setty said the fund-raiser attracted bids of an incredible ₹1.12 lakh crore, 64% of which were from foreign investors. He added that the funds will be used to augment capital buffers as well as supporting credit growth across all sectors.