Centre's Disinvestment Push: State-Run Banks To Raise Rs 45,000 Crore In FY26 Via QIP, Says Report

Indian state-owned banks will raise about Rs 45,000 crore ($5.25 billion) through qualified institutional placement (QIP) of shares in the financial year 2025–26 financial year, Reuters reported, citing a government source.

According to the source cited in the report, State Bank of India (SBI), the country’s largest lender by assets, will soon initiate its QIP.

Earlier in May, SBI’s board approved raising Rs 25,000 crore in equity capital this fiscal year.

The government also plans to divest its stake in IDBI Bank by October.

Additionally, share sales are reportedly planned in UCO Bank, Bank of Maharashtra, Central Bank of India, Punjab & Sind Bank, and Indian Overseas Bank within the financial year.

The planned equity fundraising and stake sales are part of Prime Minister Narendra Modi-led government's broader disinvestment and asset monetisation strategy.

The Union Budget for 2025–26 set a target of Rs 47,000 crore from stake sales and asset monetisation.

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