State Bank of India (SBI) top stories

• SBI Life parent eyes $205m from sell-down

  

  State Bank of India is on track to raise about Rp15.6bn ($204.7m) from an offer-for-sale of shares in its life insurance arm.

  • 15 Jun 2020

• Reliance Industries scoops up $7bn in record rights issue

  Reliance Industries raised Rp531.2bn ($7.04bn) this week from India’s largest ever rights issue and the company’s first primary equity offering for over 25 years.

  • 05 Jun 2020

• Kotak Mahindra eyes high pricing for $984m share sale

  Kotak Mahindra Bank is set to raise Rp74.4bn ($983.7m) from an issue of fresh equity, after a strong turnout from institutional investors pushed pricing to the top of the range, according to a banker on the deal.

  • 27 May 2020

• Yes Bank wipes out onshore AT1s to boost capital

  Yes Bank has written down Rp84.15bn ($1.14bn) of its Basel III compliant additional tier one bonds, becoming the first Indian bank to have its AT1 notes bailed in. The move, together with capital injection from a group of banks led by State Bank of India, is expected to give a much-needed boost to the beleaguered firm’s capital ratio.

  • 16 Mar 2020

• SBI Cards set to allocate Rp103bn IPO

  SBI Cards and Payments Services has priced its Rp103.4bn ($1.4bn) IPO at the top of the range and was allocating the stock to investors on Wednesday.

  • 11 Mar 2020

• Tata Steel, Birla Carbon eschew syndications

  India’s Tata Steel and Birla Carbon have decided not to syndicate their chunky loans, amid reluctance from the bookrunners to sell down their positions in a slowing market for deals.

  • 10 Mar 2020

• SBI Cards IPO sails through choppy Indian ECM markets

  SBI Cards and Payment Services was riding high on Thursday after a rush of institutional investor demand pushed its billion-dollar IPO through a coronavirus-driven slump in local and global markets this week. Jonathan Breen reports.

  • 05 Mar 2020

• Equitas Small Finance wins approval for Indian IPO

  India’s market regulator has given Equitas Small Finance Bank (ESF) the go-ahead for its IPO, which is expected to raise about Rp10bn ($136.3m).

  • 04 Mar 2020

• India's SBI Cards opens $1.4bn IPO with strong anchor backing

  SBI Cards and Payments Services has kicked off its up to Rp103.4bn ($1.4bn) IPO, with over one quarter of the deal subscribed by anchor investors.

  • 02 Mar 2020

• SBI Cards sets terms for $1.4bn IPO, Rossari approved

  SBI Cards and Payments Services, a State Bank of India subsidiary, set the final price range for its IPO, putting proceeds of up to Rp103.5bn ($1.44bn) in reach for when it launches the deal next week.

  • 27 Feb 2020