SIDBI plans to float a rights issue in FY25

15 Sep 2023 CW Team

The Small Industries Development Bank of India (SIDBI), a vital institution for SME finance, has revealed plans to initiate a rights issue of equity shares in the upcoming financial year. This strategic move aims to bolster its capital base by an impressive ₹10,000 crore, supporting the expansion of its growing balance sheet.

S Ramann, the Chairman and Managing Director of SIDBI, disclosed these intentions during the Global SME Finance Summit 2023. The institution's goal is to augment its asset book, targeting ₹5 trillion by March 2024, a substantial increase from the approximately ₹4 trillion recorded in March 2023.

In the pipeline for FY25, SIDBI envisions another rights issue to infuse additional capital from shareholders. A noteworthy development is that the standing committee of Parliament has recommended a capital infusion of ₹10,000 crore to further bolster lending support for Small and Medium-sized Enterprises (SMEs). As of March 31, 2022, the Government of India held a 20.85 percent stake in SIDBI. Additionally, the State Bank of India maintained a 15.65 percent stake, while the Life Insurance Corporation of India (LIC) held 13.33 percent of the shares as of March 31, 2023. The remaining ownership is distributed among other Public Sector Banks (PSBs) and institutions.

Notably, SIDBI's Capital Adequacy Ratio (CAR) stood at 19.29 percent at the conclusion of FY23, in comparison to 24.28 percent at the end of FY22. This decline in CAR was attributed to effective capital allocation, facilitating the expansion of the bank's portfolio, as outlined in its annual report for FY23.

Infrastructure Urban

01 Aug 2026

AI Data Centre Leaders Map India’s Infrastructure Roadmap

Mumbai, 22 July 2026: As artificial intelligence reshapes global digital infrastructure, industry leaders gathered in Mumbai today at the AI-Powered Data Centre Conference 2026 to discuss how India can build the capacity, technology and ecosystem required to emerge as a global AI infrastructure hub. Organised by ASAPP Info Global Group and conceptualised by FIRST Construction Council, the conference revolved around the theme, “From Capacity Gap to AI Superpower: Building India's Digital Backbone for the Intelligence Economy.” Bringing together developers, technology providers, enterpr..

SCLR Extension Nears Completion Linking BKC With Signal-Free Route

The Santacruz-Chembur Link Road (SCLR) extension towards Bandra-Kurla Complex (BKC) via the Mumbai University campus has entered its final stage, bringing motorists closer to a direct, signal-free connection between the Western Express Highway and the city’s commercial district. The elevated connector is being built as an arm from the SCLR alignment and will link the western suburbs with BKC without surface signals. The link is designed to reduce journey times for commuters travelling from the western suburbs to BKC and to improve access to eastern Mumbai. By carrying through traffic above s..

Raiganj MP Seeks Bengal Only Highway Link To Siliguri

Raiganj Member of Parliament Kartik Chandra Paul met Union Minister for Road Transport and Highways Nitin Gadkari in New Delhi to press for a new stretch of national highway in North Dinajpur district. He urged approval for a Bengal-to-Bengal link that would connect National Highways 12 and 27 to allow vehicles bound for Siliguri to avoid the current route through Kishanganj in neighbouring Bihar. He also submitted a proposed alignment of the new road to the ministry for consideration. At present vehicles from Raiganj travel along NH-12 and join NH-27 at Purnia More in Dalkhola, a route that p..