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bfsi

BFSI

SBICAP has consistently been at the forefront of fundraising and providing bespoke advisory services for financial institutions. We have the distinction of acting as lead managers for the majority of Indian banks raising funds, and our dedicated teams have worked on several successful marquee deals for the most reputed names in this sector.

Financing The Financial Sector’s Progress

The Indian BFSI sector is expected to grow rapidly in the coming years, owing to a combination of rising per capita income, technology innovation, the introduction of new financial products, and more. SBICAP is uniquely poised to help such BFSI firms in charting a new course and meeting goals. 

Along with extensive domain knowledge, we have the distinction of advising the leading names in this segment and of working on marquee transactions. We have: 

  • Provided advisory services to Yes Bank Limited in raising capital under the Yes Bank Limited Reconstruction Scheme 2020. We also helped successfully conclude the equity infusion exercise of INR 10,000 crore from various investors under stringent timelines.
  • Advised lenders in the Corporate Insolvency Resolution Process (CIRP) of Dewan Housing Finance Corporation Limited (DHFL), the first-ever successful resolution of an NBFC within the purview of IBC. 
  • Played a key role in the resolution process and negotiations in the Altico Capital India Limited transaction, the first-ever successful resolution of an NBFC outside the IBC process.

Some of the clients we have worked with

Yes Bank Limited

Altico Capital India Limited

Dewan Housing Finance Corporation Limited

IDBI Bank Limited

Select Transactions

Dewan Housing Finance Corporation Limited
Value: INR 37,650 Cr
CoC Advisor
2021
Altico Capital India Limited
Value: INR 4,122 Cr
Sell-side advisor
2021
YES BANK Limited
Value: INR 10,000 Cr
Sell Side Advisory
2020

The Leading Names Bank On Us

SBICAP has a well-established track record of handling transactions and providing bespoke advisory services to banks and financial institutions in the private and public sectors.

We rank #1 for equity capital market transactions completed in the banking sector in FY’21, and were involved as lead managers for almost all the banks which have raised funds in the last 18 months.

We are leaders in capital raising in the housing finance sector as well as in the insurance sector, shaping the capital markets with IPO, Pre IPO, and transaction advisory experience. We have successfully completed QIPs, and worked on acquisition targets, sale of assets, strategic sales, and proposed IPOs for India’s leading financial institutions and life insurance companies, including HDFC Limited, Indiabulls Housing Finance Limited, SBI Life Insurance Company, amongst others. In the last few years, 2 of the 3 major Indian insurance company IPOs have been driven by our equity capital markets team. Over the past 6 years, we have raised INR 166823 crore from 42 transactions in the BFSI space.

Some of the clients we have worked with

Bank of Baroda

ICICI Securities Limited

UTI Asset Management CO. Limited

AXIS BANK Limited

Select Transactions

Housing Development Finance Corp. Limited
Value: INR 17,693 Cr
QIP
2020
Yes Bank Limited
Value: INR 15,000 Cr
FPO
2020
Bank of Baroda
Value: INR 4,500 Cr
QIP
2021
ICICI SECURITIES Limited
Value: INR 3,480.12 Cr
QIP
2020
UTI Asset Management Co. Limited
Value: INR 2,159.88 Cr
IPO
2020
AXIS BANK Limited
Value: INR 12,500 Cr
QIP
2019

Leaders In Fundraising For Financial Institutions

The SBICAP Debt Capital Markets team has consistently been at the forefront of fundraising through bonds for public and private banks, NBFCs, HFCs, MFIs, and apex banking institutions. Our core strength lies in end-to-end execution and placement of securities.

We believe in creating a market for our clients and innovating in a dynamic regulatory environment. In FY’21, we were the sole arrangers for SBI of over INR 27000 crore – one of the largest capital bond issuance programmes in recent history in India, at record low yields. We also ran the Special Liquidity Scheme (SLS) Trust to grant short-term credit to NBFCs, HFCs, and MFIs, and disbursed over INR 7000 crore.

We are active participants in the NCD market for BFSI companies. Since 2018, we have participated in over 100 bond transactions and raised more than INR 2,00,000 crore in the sector.

Some of the clients we have worked with

State Bank of India

Mahindra & Mahindra Financial Services Limited

Piramal Capital & Housing Finance

SBI Green Bonds

Select Transactions

State Bank of India
Value: INR 27,431 Cr
Tier I & II
2021
Piramal Capital & Housing Finance
Value: INR 1,000 Cr
Domestic Private Placement Deals
2020
SBI Green Bonds
Value: USD 650 Mn
Foreign Currency Bonds
2018

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