The State Bank of India (SBI), the nation’s largest lender by assets, is reportedly gearing up to launch a share sale worth up to ₹250 billion (approximately \$2.9 billion) to institutional investors as early as next week, according to sources cited in a report on Thursday (July 10, 2025). However, the plans are still being finalized and may be subject to change.

SBI has not yet responded to a request for comment from Reuters.

The bank’s board had approved the fundraising plan back in May.

According to a government official, state-owned banks are expected to collectively raise about ₹450 billion through qualified institutional placements (QIPs) during the 2025–26 financial year.