Record Equity Capital Raise
The bank raised INR 25,000 crores of equity capital through a qualified institutional placement, which was oversubscribed 4.5x with significant interest from both domestic and foreign institutional investors.
Strong Credit Growth
SBI achieved a credit growth of 7.1% with a pipeline of INR 7 lakh crores, indicating robust growth potential in corporate credit for the upcoming quarters.
Improved Net Interest Margins
Domestic NIMs improved by 7 basis points quarter-on-quarter to 3.09%, driven by repricing of deposits and operating leverage.
Significant Fee Income Growth
Fee income grew by over 20%, supported by debit card interchange fees, processing charges, and government business, showcasing stable income streams.
Expansion and Innovation in Digital Banking
SBI announced the upcoming launch of YONO 2.0, a major upgrade to its digital banking platform, and the implementation of Tab Banking for customer onboarding.