SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

SBI gets nod to raise Rs 15,000 crore via equity capital next fiscal

16 Mar 2017 Evaluate

State Bank of India (SBI) has received Board approval to raise Rs 15,000 crore to shore up its equity capital in the bank for next year. The Bank’s board gave approval to raise the same by way of FPO / Rights Issue / ESPS / ESOS/ QIP / ADR / GDR and any other mode or a combination of these on March 15, 2017.

The Board also gave approval to infuse Rs 1160.04 crore in its credit card joint venture - SBI Cards Payment Services and GE Capital Business Process Management Services.

Moreover, SBI has already started the process to merge its five associate banks with itself from April 1, which would require it to raise funds.

State Bank Of India Share Price

1021.65 3.60 (0.35%)
09-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
State Bank Of India 1021.65
PNB 103.45
Bank Of Baroda 244.55
Canara Bank 124.80
Union Bank Of India 157.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: