State Bank Of India

State Bank of India (SBI), country’s largest public sector lender has raised Rs 15,000 crore by selling 52.2 crore shares through qualified institutional placement (QIP). The total proceeds of the issue will be used to augment its capital adequacy ratio and for general corporate purposes, in accordance with applicable law.

SBI offers a wide range of services in the Personal Banking, Agriculture/Rural, NRI services, SME and Corporate Banking etc. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.