Business Standard

SBI Caps tweaks business structure

Related News

With a view to grow its revenue beyond the infrastructure segment, Ltd, the investment banking arm of State Bank of India, has reworked its structure to form new business groups.

Now, the SBI group wants to expand its presence across for non-infrastructure sectors, while it continues to build upon domain expertise in infrastructure and project financing.

Arundhati Bhattacharya, managing director and chief executive said, “Infrastructure and advisory business linked with it will remain strong.”

Also, we have formed new groups with each of them looking after three-four sectors to pursue business opportunities.”

SBI Caps provides project advisory services, arrangements for structured finance, capital market services like equity issuances, mergers & acquisitions and arrangement for private equity.

It is a leader in project finance, with around 40 per cent the market share. It has a definite advantage of working closely with corporate banking teams at parent bank, said a top executive with one of its rival public sector investment banking unit.

Over the years, there has been shift in the focus from syndication and project advisory to restructuring-related work, Bhattacharya said.

SBI Caps reported a fall in for 2011-12 due to dampened activity in the capital market.

Along with its four subsidiaries, it posted a profit after tax of Rs 265.30 crore in FY12, down from Rs 384.56 crore in 2010-11.

Read more on:   
|
|
|

Read More

Corporate advance tax outflow may worsen liquidity scenario

Liquidity could worsen despite the Reserve Bank of India (RBI) announcing open market operations (OMOs) by purchase of gilts worth Rs 12,000 crore on ...

Quick Links

More news from Finance Rss icon

Dena Bank to open 100,000 new accounts in Gujarat by Aug 28

The accounts will be opened with zero balance for all category of people including those coming under below poverty line

Axis Bank plans to raise Rs 6,000 cr via long term bonds

This comes after RBI incentivised banks to raise long term bonds by relaxing norms

Canara Bank expects Rs 500 cr capital from govt this fiscal

The bank will require additional capital to support its lending activity

Back to Top