Branch² Intelligence
SBI’s 15-paise bet: How India's largest bank is turning a tiny cost into mindboggling 382,567% profit
Key takeaway
SBI and Amundi India Holding to earn ~₹11,658 crore profit from SBI Funds Management IPO, an offer for sale of their entire stake.
- Step 1SBI and Amundi sell entire stake in SBI Funds Management via IPO, raising ₹11,693 crore.
- Step 2SBI books a massive profit of ~₹11,658 crore, boosting its capital position and net worth.
- Step 3Improved capital allows SBI to increase lending capacity, potentially lowering interest rates for borrowers including SMEs.
Source: IN:Economic Times
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