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Post QIP, SBI's CET1 capital rises to 11.5%; LIC invests ₹5,000 crore
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BS Reporter Mumbai
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The recently concluded State Bank of India's qualified institutional placement (QIP) was oversubscribed 4.5 times and increased common equity tier-I (CET1) capital to 11.5 per cent from 10.81 per cent, the lender said in a statement.
SBI raised ₹25,000 crore through the QIP, marking the largest such fundraising ever by an Indian entity.
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