State Bank of India (SBI), the country’s largest public sector bank will be raising close to $1.5 billion for which it has launched a qualified institutional placement (QIP) on January 28, 2014. The QIP price band is Rs 1,565-1,596.
The issue will be closed for global and local investors on January 29, 2014. Deutsche Bank, CITI, UBS, HSBC, JP Morgan, SBI Caps are bankers to the QIP issue.
State Bank of India has reported 35.07% fall in its net profit at Rs 2375.01 crore for the second quarter ended September 30, 2013 as compared to Rs 3658.14 crore for the same quarter in the previous year. However, total income of the bank has increased by 12.88% at Rs 37199.92 crore for quarter under review as compared to Rs 32953.47 crore for the quarter ended September 30, 2012.
The issue will be closed for global and local investors on January 29, 2014. Deutsche Bank, CITI, UBS, HSBC, JP Morgan, SBI Caps are bankers to the QIP issue.
State Bank of India has reported 35.07% fall in its net profit at Rs 2375.01 crore for the second quarter ended September 30, 2013 as compared to Rs 3658.14 crore for the same quarter in the previous year. However, total income of the bank has increased by 12.88% at Rs 37199.92 crore for quarter under review as compared to Rs 32953.47 crore for the quarter ended September 30, 2012.
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