SBI Ventures has been appointed as the fund manager for the ₹20,000-crore Maritime Investment Fund. The government-backed initiative seeks to draw private capital into India's maritime sector through a blended finance approach.
SBI Ventures has been appointed as the fund manager for the ₹20,000-crore Maritime Investment Fund. The move is supported by government equity and is intended to increase the availability of long-term, affordable capital for maritime projects.
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An investigation has revealed that the National Sports Development Fund has financed sports upgrades at a New Delhi residential complex for senior bureaucrats. The fund was created to support elite athletes and promote competitive sports across India. A parliamentary panel had already flagged such diversions last year.
Shares of State Bank of India rose 3% following the filing of draft IPO papers by its subsidiary, SBI Funds Management, with Sebi. The IPO is structured as a pure offer for sale of 20.37 crore shares. Proceeds from the sale will benefit selling shareholders, including SBI and Amundi India Holding.
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Union Bank of India has approved a plan to raise up to Rs 20,000 crore through long-term bonds. The funds will support infrastructure and affordable housing projects. The bank also plans to issue up to Rs 5,000 crore in green or sustainable bonds, with some fundraising targeted before March 31, 2026.
The Indian government has approved the listing and disinvestment of Mahanadi Coalfields through an initial public offering. This step enables Coal India to dilute up to 25 percent of its stake in the subsidiary. The subsidiary may also raise fresh capital through multiple routes as part of broader public sector reforms.
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SBI Securities and Rakuten Securities are developing crypto investment trusts in-house. Nomura, Daiwa and SMBC plan to follow suit as Japan prepares rules allowing crypto-holding funds by 2028.
The government has approved the Urban Challenge Fund (UCF) to boost urban development, providing Rs 1 lakh crore in central assistance from FY 2025-26 to FY 2030-31. The fund is expected to catalyse nearly Rs 4 lakh crore in total investment, emphasizing market-linked financing. Experts see it as a significant shift toward productive, sustainable, and inclusive urbanisation.
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State Bank of India plans to maintain net interest margins above 3 percent in the coming fiscal year through deposit repricing and faster growth in retail and MSME loans.