State Bank of India (SBI) successfully raised ₹25,000 crore through a qualified institutional placement (QIP), issuing 305.9 million shares at ₹817 apiece. The QIP, India's largest to date, witnessed strong demand, being oversubscribed 4.5 times, with foreign investors accounting for a significant portion. LIC increased its stake in SBI, investing ₹5,000 crore in the QIP.