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PSBs to raise around ₹45K crore via QIPs
July 10, 2025
|Financial Express Ahmedabad
PUBLIC SECTOR BANKS (PSBs), including State Bank of India, will raise around ₹45,000 crore through qualified institutional placements (QIPs) in the current financial year to expand their businesses, a senior official said on Wednesday.
Separately, in five PSBs, the government will stake a portion of its stake in FY26 to help them meet the 25% minimum public shareholding norm of the market regulator, the official said. A small stake sale in insurance behemoth LIC in the current financial year would depend on market conditions, the official added.
هذه القصة من طبعة July 10, 2025 من Financial Express Ahmedabad.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Financial Express Ahmedabad
Financial Express Ahmedabad
Vi arm VITIL raises ₹3,300 cr
DEBT-RIDDEN VODAFONE Idea on Thursday said its subsidiary VITIL has completed a ₹3,300-crore fundraise by way of issuing non convertible debentures.
1 min
December 19, 2025
Financial Express Ahmedabad
Oman FTA to boost capital flow
TRADE EXPERTS SAID the significance of the deal is more than what the current trade suggests, as it would help strengthen New Delhi’s economic and geopolitical presence at the mouth of the Gulf.
2 mins
December 19, 2025
Financial Express Ahmedabad
More pressure likely for GIC Re
THE REDUCTION IN capital requirements for foreign reinsurance branches (FRBs) under the latest Insurance Amendment Bill is expected to attract more overseas players into the ₹98,000-crore domestic reinsurance market.
1 mins
December 19, 2025
Financial Express Ahmedabad
'Insolvency resolution time will come down by at least 50%'
The Insolvency and Bankruptcy Code (IBC) is getting ready for its biggest overhaul in over nine years of its existence.
3 mins
December 19, 2025
Financial Express Ahmedabad
Oman FTA to facilitate easier flow of capital, professionals
ALMOST ALL EXPORTS from India to Oman will be at zero duty after the trade agreement signed on Thursday between the two countries comes into force by March, with farm goods, textiles, engineering, electronics, chemicals and auto sectors among the major beneficiaries.
1 min
December 19, 2025
Financial Express Ahmedabad
No problem with Centre, except on statehood, but L-G interfering: Omar
J&K CHIEF MINISTER
2 mins
December 19, 2025
Financial Express Ahmedabad
'We are scaling up expansion at Flipkart Minutes'
Flipkart Minutes, the quick commerce arm of Flipkart, plans to add around 500 new dark stores in the next three months.
2 mins
December 19, 2025
Financial Express Ahmedabad
‘Bike taxis have huge headroom to grow’
Uber India's two-wheeler business is now its fastest-growing segment.
1 min
December 19, 2025
Financial Express Ahmedabad
Railways failed to monetise vacant land, says CAG report
OUT OF A land holding of about 488,000 hectares, the Indian Railways could identify by March 2023 only 13% as vacant land and managed to award a negligible 0.14% of it to developers, according to a report of the Comptroller and Auditor General of India (CAG) tabled in the Lok Sabha on Thursday.
1 min
December 19, 2025
Financial Express Ahmedabad
No binding pact: Shriram clarifies on MUFG deal
SHRIRAM FINANCE ON Thursday said it has not entered into any binding agreement with any investor, responding to a stock exchange query on a media report that Japan's Mitsubishi UFJ Financial Group (MUFG) may invest up to $5 billion in the company for a 20% stake.
1 min
December 19, 2025
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