SBI's ₹25,000 Cr QIP Oversubscribed 3x Within a Day

State Bank of India’s ₹25,000 crore QIP saw robust demand, being oversubscribed three times on launch day. LIC led with ₹7,000 crore, followed by strong bids from mutual funds and FIIs. This is SBI’s first equity raise since 2017, aimed at boosting loan growth and balance sheet strength.