Alright, so SBI shares had a bit of a rollercoaster ride on Wednesday, closing at Rs 800.35, which honestly isn’t too bad, but hey, they did drop by 0.19%. The market cap of the State Bank of India (SBI) stood at a whopping Rs 7.14 lakh crore, so they’re still doing pretty well overall.

Now, here’s where things get a bit interesting. SBI recently spilled the beans on their standalone net profit for the period, and it wasn’t the best news. They reported a 10% decrease, with the profit amounting to Rs 18,643 crore. That’s a dip from Rs 20,698 crore for the same period in 2023-24. Ouch.

But fear not, because SBI is not one to back down easily. They announced plans to potentially raise a cool $3 billion through either a public offer or private placement in the current fiscal year. The big shots over at the Executive Committee of SBI’s Central Board are set to meet on May 20 to chat about their fundraising options. Let’s see how this plays out, shall we?

In their regulatory filing, SBI mentioned that the committee will be diving into the current situation with a fine-tooth comb and deciding on a long-term fundraising strategy. This could involve single or multiple tranches of up to $3 billion through senior unsecured notes, either in US dollars or another major foreign currency, during FY 2025-26. Big money moves right there.

Alright, back to the numbers game. SBI shares closed at Rs 800.35, reflecting a teeny 0.19% decrease on Wednesday. Like I said, not the end of the world. The market cap of the lender stood strong at Rs 7.14 lakh crore, so they’re holding their ground.

And now, for the grand finale. In their recent report for the fourth quarter ended March 2025, SBI revealed that their standalone net profit took a bit of a hit, dropping by 10% to Rs 18,643 crore from Rs 20,698 crore in the same period last year. But hey, total income actually rose to Rs 1,43,876 crore from Rs 1,28,412 crore year-over-year. Interest income also saw a nice bump to Rs 1,19,666 crore, up from Rs 1,11,043 crore the previous year.

On a consolidated basis, SBI’s net profit for the quarter was down 8% at Rs 19,600 crore, compared to Rs 21,384 crore in the same timeframe last year. However, total income climbed to Rs 1,79,562 crore from Rs 1,64,914 crore. And for the 2024-25 financial year as a whole, SBI reported a 16% rise in standalone profit to Rs 70,901 crore, compared to Rs 61,077 crore from the previous year. Looks like they’re ending on a high note.

So there you have it, folks. SBI is making moves, facing challenges, and keeping us on our toes. Let’s see what the future holds for this banking giant.