trending Market Intelligence /marketintelligence/en/news-insights/trending/eAVCPKtbl10xbE8QCL50DA2 content esgSubNav
In This List

Report: State Bank of India picks banks for 100B rupees share sale

Blog

Spotlight on sustainability: How banks can overcome the challenges of achieving net-zero emissions by 2050

Blog

Insight Weekly: US election scenarios; borrowing costs rise; commercial REIT fears

Podcast

Street Talk | Episode 100 - KBW CEO offers optimism for bears fearful of bank liquidity, credit

Blog

Insight Weekly: Stocks endure more pain; bank branch M&A slows; debt ratios fall


Report: State Bank of India picks banks for 100B rupees share sale

State Bank of India has engaged underwriters for its proposed 100 billion rupees share sale, Bloomberg News reported Jan. 10, citing people with knowledge of the matter.

The state-run lender is seeking to raise 100 billion rupees by selling shares in a qualified institutional placement. It has selected Bank of America Corp., CLSA Ltd. and HSBC Holdings Plc as lead arrangers for the share sale, according to the sources. Kotak Mahindra Bank Ltd. and SBI Capital Markets Ltd. will also be working on the sale.

A representative for State Bank of India did not respond to a Bloomberg's request for comment.

As of Jan. 10, US$1 was equivalent to 70.46 Indian rupees.