In a moment of immense pride and reflection, the State Bank of India (SBI), the country’s largest public sector bank, today marked a dual celebration — the completion of 30 successful years of its listing on the National Stock Exchange (NSE) and the achievement of India’s largest-ever Qualified Institutional Placement (QIP) of ₹25,000 crore. A ceremonial Bell Ringing event was held at the NSE in Mumbai to commemorate this historic occasion.

The milestone not only symbolizes SBI’s legacy of trust, resilience, and leadership in the Indian financial landscape but also reflects its forward-looking strategy in raising capital through market instruments while maintaining robust fundamentals.

Addressing the gathering at the NSE Bell Ringing Ceremony, SBI Chairman C. S. Setty said,

“This landmark equity issue is a vote of confidence in SBI’s strong fundamentals, prudential risk management, and customer-centricity with a digital-first approach.”

His remarks resonated deeply with stakeholders, investors, and market participants as the QIP proceeds mark a significant step in enhancing SBI’s capital adequacy, fuelling its growth aspirations, and fortifying its position in a dynamically evolving banking sector.

30 Years of Market Presence

Since its listing on the NSE three decades ago, SBI has played a transformative role in shaping India’s financial ecosystem. Over the years, it has not only emerged as a systemically important institution but also as a symbol of public trust and digital transformation in banking. Its consistent performance, commitment to transparency, and national importance have made it a cornerstone of India’s capital markets.

India’s Largest-Ever QIP

The ₹25,000 crore QIP, successfully closed earlier this month, is not just a financial milestone — it represents investor confidence in SBI’s long-term vision and operational strength. The capital raised is expected to support the bank’s credit growth, technological advancements, and strategic investments, reinforcing its agenda of inclusive and innovation-driven banking.

The offering saw enthusiastic participation from global and domestic institutional investors, further validating the global appeal of India’s banking sector and the credibility of its largest lender.

Held at the NSE Mumbai headquarters, the Bell Ringing Ceremony was attended by top executives from SBI, NSE, and leading financial institutions. Ashishkumar Chauhan, Managing Director and CEO of NSE Limited , was present on this momentous occasion and congratulated SBI for its sustained contribution to the Indian capital markets and its visionary steps towards long-term value creation.

The symbolic bell ringing echoed through the exchange floor, marking both a celebration of the past and a signal of the promising future ahead.

C. S. Setty’s address during the ceremony underscored the bank’s unwavering focus on digital-first banking, sustainable growth, and continued leadership. He credited SBI’s progress to its vast customer base, dedicated workforce, and strong governance framework.

Reinforcing Leadership in Banking

With this QIP and the celebration of its listing anniversary, SBI reaffirms its role not just as a financial institution but as a national builder. The bank’s journey from traditional branch banking to becoming a tech-savvy, customer-first institution stands as a testament to its ability to evolve with changing times.

As India continues on its path of economic expansion, SBI’s robust capital base, digital initiatives, and focus on financial inclusion are expected to catalyze new growth stories, foster innovation, and drive progress for millions of Indians.

The confluence of SBI’s 30-year market journey and the record-breaking QIP marks a watershed moment for Indian finance. It is a celebration of heritage and a bold step into the future — one where SBI continues to lead with purpose, performance, and people at its core.

For India’s banking landscape, today’s bell did not just ring for SBI — it rang for confidence, continuity, and collective progress.