has obtained all necessary approvals to raise ₹40 billion through a QIP by March. The fundraising will reduce government stake by 4%, but the bank faces difficulties meeting the August 1 deadline to cut government ownership to 75%. With the proposed Q4 plan, this is likely to be the bank’s largest QIP fundraise in a single quarter in the past decade. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.