In contrast, banks took a more calibrated approach. While private banks recorded virtually no IPO fundraising in CY25, PSU banks emerged as dominant players in the Qualified Institutional Placement (QIP) market.
The credit growth of the banks in the country which had slowed in recent quarters, is expected to pick up as companies begin to draw more funds for their day-to-day operations, highlighted a report by State Bank of India.
Taking opportunities in India's booming stock market, many companies intended to list their shares, and a sizable number of them have made handsome gains.