SBI dips 3% on profit booking on fund raising plan; should you buy or hold?

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SBI dips 3% on profit booking on fund raising plan; should you buy or hold? - Business Standard

Quick Summary:

SBI's board, at a meeting scheduled for May 3, 2025, is expected to discuss and approve the proposal for raising equity during FY26.

There are no concerns on asset quality and expect the bank to deliver healthy return ratios in the medium term.

During the financial year 2017-18 (FY18), SBI raised ₹15,000 crore of equity through QIP, which was the largest ever in India and the third largest in Asia-Pacific at the time.