State Bank of India Prepares $2.9 Billion Share Sale

State Bank of India is reportedly planning a ₹25,000 crore ($2.9 billion) share sale to institutional investors as early as next week. The move follows board approval in May and aligns with capital-raising plans across several state-run banks amid growing appetite for bank equity and the need for stronger capital buffers. The potential infusion of fresh equity is expected to support SBI’s lending growth and financial stability.