State Bank of India and SBI Capital Markets are set to sell about 1 per cent combined stake in NSE through the upcoming ₹30,000 crore IPO, as the bank’s home loan portfolio surpasses ₹10 lakh crore, emphasising its growth and economic influence.
State Bank of India and its subsidiary SBI Capital Markets are preparing to trim their combined holding in the National Stock Exchange through the bourse’s planned ₹30,000 crore flotation. According to remarks attributed to SBI chairman C S Setty, the lender may sell about 0.65 per cent, while SBI Capital Markets could offload 0.35 per cent, taking the group’s total sale to roughly 1 per cent if other shareholders do not alter their own plans.
SBI currently owns 3.23 per cent of NSE, with SBI Capital Markets holding a further 4.33 per cent. Setty also indicated that there are no immediate plans to sell stakes in other subsidiaries, suggesting the exchange listing is a targeted portfolio move rather than the start of a wider divestment programme.
The share sale comes as SBI’s home-loan business continues to expand rapidly. The bank expects its mortgage portfolio to cross ₹10 lakh crore during the current quarter, after passing ₹9 lakh crore in the previous financial year, according to statements from Setty reported by Economic Times and Business Standard. SBI says it has a market share of close to 28 per cent in home loans and supports the segment through more than 460 processing centres across the country.
Setty has argued that housing finance should be viewed as more than a standard banking product because of its wider economic impact. SBI says home lending affects more than 200 linked industries, including commercial and residential real estate, underscoring why the bank sees the segment as a significant driver of growth rather than a narrow retail category.
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