₹50,000 crore in the next 12 months by issuing debt securities, while State Bank of India (SBI) said on 16 June that it plans to raise ₹20,000 crore of equity capital in FY21.There is a surge in the number of banks and other financial institutions hitting the market for capital, but institutional investors are seeking additional safeguards, said a person, requesting anonymity. “There is a lot of uncertainty in the market and investors are willing to wait before committing funds.
This will, however, not be a problem for large banks with better asset quality."Experts had predicted that Indian banks will need to more capital to tide over the covid-19-led crisis.