State Bank of India may raise more Funds, Board Meeting on Saturday

State Bank of India (SBI) is set to hold a meeting of its board of directors on Saturday (3 May 2025) to review its financial results. During the meeting, the board will also discuss options for raising funds for the bank’s growth and operations. SBI is also expected to release financial results of Q4 2025 on Saturday.

One key topic for the meeting will be a proposal to raise equity in fiscal year 2026. SBI is considering various ways to achieve this, such as through a follow-on public offer (FPO), rights issue, or qualified institutional placement (QIP). The bank may even combine several of these methods if necessary or if approved by the Union government or the Reserve Bank of India (RBI). However, SBI did not specify how much money it plans to raise. The Government of India has 57.51% stake in State Bank of India (SBI).

In a previous update on April 25, SBI shared that S&P Global Ratings had confirmed its credit rating at BBB-/Positive/A-3. The agency also affirmed the bank’s standalone credit profile at ‘bbb’ and maintained a positive outlook on its rating. S&P expects SBI to continue its leadership in India’s banking sector and maintain strong funding and liquidity over the next two years.

UCO Bank – one of the public sector banks in India is planning to reduce government stake. This has again raised concerns of privatisation. UCO Bank is planning to reduce government stake from 90.95% to 75%. Click here to read this news.

SBI had reported a net profit of Rs.16,891 crore for Q3FY25. Click here to check SBI Q3F25 Results.