24 August 2026
Bankopedia Banking Digest — 2026-08-24 #148
- #1economic_timespositive
SBI Eyes ₹200 Lakh Crore Business by 2030
State Bank of India's total business stood at ₹110.01 lakh crore as of June 2026, and Chairman C.S. Setty projects it could reach ₹170–200 lakh crore by 2030, SBI's platinum jubilee year. The bank expects its balance sheet to grow at 11–12% annually, closely tracking India's projected 7–8% economic expansion.
SBI's total business may double to ₹200 lakh crore by its 75th year in 2030.
corporate_finance - #2financial_expressneutral
Dividend Season: 50-Plus Stocks Set Record Dates
Over 50 companies, including NALCO, Power Finance Corporation, Gillette India, and Multi Commodity Exchange, are set to hit record dates for dividend payouts this week. Payouts range from Re 1 per share for NALCO to ₹60 per share for Gillette India.
More than 50 stocks turn ex-dividend this week, led by Gillette India's ₹60-per-share payout.
capital_markets - #3moneycontrolneutral
Geopolitics and Fed Signals Test Market Sentiment
Indian equity markets face a busy week shaped by US-Iran tensions, potential new sanctions from Washington, and Federal Reserve Chair Kevin Warsh's debut speech at the Jackson Hole symposium on August 27–29. Investors will also monitor rupee movement, foreign portfolio investor flows, and crude oil prices for directional cues.
US-Iran escalation and Warsh's Jackson Hole debut are the top market risk factors this week.
economy_macrocapital_markets - #4financial_expresspositive
Five Brokerage-Backed Stocks Offering Up to 41% Upside
Top brokerages including Macquarie and Goldman Sachs are backing five stocks — Bharat Electronics, Adani Ports, Eternal, Solar Industries India, and ICICI Bank — with Buy or Outperform ratings citing defence spending, credit growth, and infrastructure tailwinds. Projected upsides range from 7% to 41% based on target prices assigned.
Macquarie targets ₹550 for Bharat Electronics, implying 33.2% upside on defence spending theme.
capital_marketscorporate_finance - #5moneycontrolneutral
Gemini Edibles Files Pure OFS IPO With SEBI
Hyderabad-based edible oils firm Gemini Edibles & Fats India has filed draft papers with SEBI for an initial public offering consisting entirely of an offer-for-sale of up to 4.11 crore shares by promoters and existing investors. The company will receive no proceeds, as all funds flow to selling shareholders including Golden Agri International and Black River Food 2.
Gemini Edibles' IPO is a pure offer-for-sale; the company receives zero IPO proceeds.
capital_markets - #6hindu_businesslineneutral
IBC Reforms Reshape India's Private Credit Strategies
India's private credit market, estimated at $25–30 billion as of March 2025, is poised for growth as banks and non-bank lenders leave funding gaps in specialised segments. Insolvency and Bankruptcy Code reforms are pushing investors toward stronger documentation, structural protections and voting influence over relying solely on collateral security.
IBC reforms are shifting India's private credit strategies toward structural protections over collateral reliance.
credit_marketsnpa_resolution - #7hindu_businesslinepositive
IIFCL Launches $1.8 Billion Infrastructure Borrowing Drive
India Infrastructure Finance Company Ltd (IIFCL) has launched its $1.8 billion External Commercial Borrowing programme, securing an initial $200 million from international markets. The state-owned lender plans to raise approximately $1 billion through long-term borrowings of up to 15-year tenors under the Multilateral Investment Guarantee Agency (MIGA) guarantee facility.
IIFCL raises $200 million as first tranche of a $1.8 billion ECB programme for infrastructure financing.
corporate_financecapital_markets - #8hindu_businesslinepositive
Indian Bank Sanctions ₹1,125 Crore in MSME Credit Drive
Indian Bank sanctioned ₹1,125 crore and disbursed ₹575 crore during a Mega Retail, Agri and MSME Credit Campaign held at its Chennai Field General Manager's Office. The drive mobilised total credit proposals worth ₹2,080 crore, with MD and CEO Binod Kumar personally presenting sanction letters to 46 beneficiaries.
Indian Bank sanctions ₹1,125 crore in a single-day Retail, Agri and MSME credit campaign.
financial_inclusioncredit_markets - #9moneycontrolneutral
Nifty Range-Bound Until August High Is Reclaimed
Nifty 50 remains range-bound and lacks strong directional momentum, with the August high of 24,774 identified as the key level that must be breached to trigger a sustained uptrend, according to SBI Securities' Sudeep Shah. He identifies 24,350–24,400 as near-term resistance and 24,000–24,050 as critical support for the coming week.
Nifty must close above its August high of 24,774 to confirm a renewed bullish uptrend.
capital_markets - #10hindu_businesslinebullish
Nifty and Bank Nifty Target Fresh Weekly Highs
Both Nifty and Bank Nifty recovered well from their support levels in the first half of the previous week, maintaining a bullish bias heading into the week of August 24–28, 2026. Nifty is expected to target 24,500–24,700, while Bank Nifty could advance toward 58,400 and subsequently 59,200–60,000.
Bank Nifty targets 59,200–60,000 as both indices maintain bullish bias after support-level recovery.
capital_markets - #11hindu_businesslineneutral
A91 Partners Books Pre-IPO Gains in Atomberg
A91 Partners has sold shares worth ₹445 crore in Atomberg Technologies ahead of the consumer appliances maker's IPO, generating substantial pre-listing liquidity despite investing only ₹143 crore. A91 remains Atomberg's largest shareholder with a 21.02% stake even after the partial exit.
A91 Partners recoups over 3x its ₹143 crore investment via pre-IPO secondary sales in Atomberg.
capital_markets