₹50,000 crore in the next 12 months by issuing debt securities. India’s largest bank State Bank of India (SBI) said on 16 June that it plans to raise ₹20,000 crore of equity capital in FY21.A person aware of the development said while there has been a surge in banks and other financial institutions hitting the market for capital, institutional investors have been seeking additional safeguards.“There is a lot of uncertainty in the market and investors are willing to wait before they commit to more funds.
This will, however, not be a problem for large banks with better asset quality," said the person cited above.Experts had forecast that Indian banks will need to raise capital to tide over the covid-19 pandemic.