State Bank of India planning to raise ₹250 billion

$SBIN planning to raise ₹250 billion (approximately $3 billion) through a share sale as local bank shares are trading at record highs. The fundraising plan comes with the financial sector seen as relatively shielded from tariff-related turmoil, and the move will help SBI strengthen its balance sheet and support its aggressive credit growth trajectory. The bank's shares have performed strongly, reflecting investor confidence in the public sector banking sector and the bank's resilient fundamentals. MUFG (Mitsubishi UFJ Financial Group) and State Bank of India have signed a strategic partnership pact to boost cross-border deals between India and Japan.