Banks set sights on record QIP fundraise in FY26

In first 3 months, 10 lenders have announced plans to raise ₹72,000 cr

- MAHESH NAYAK

BANKS ARE POISED for highest-ever fundraise through qualified institutional placements (QIPs) in FY26. Within the first three months, banks have announced plans to raise a staggering ₹72,000 crore, surpassing the previous high of ₹48,000 crore in FY21. Of the 10 banks that announced raising equity capital, some of the notable ones include State Bank of India (₹25,000 crore), Axis Bank (₹20,000 crore), Union Bank (₹6,000 crore), Indian Bank and AU Small Finance Bank (₹5,000 crore each).

"The capital infusion is aimed at strengthening bank balance sheets, enabling them to increase their lending capacity and maintain a competitive edge," said the head of a private sector bank.