SBI Capital Markets
| Industry | Investment Banking |
|---|---|
| Founded | August 1986 |
| Headquarters | Mumbai, India |
|
Area served
|
India |
|
Key people
|
Varsha Purandare, MD & CEO Abhay C. Chaudhari, President & COO |
| Services | Financial Advisory and Investment Banking |
| Website | www |
SBI Capital Markets (SBICAPS) is an investment bank founded in August 1986. It is a wholly owned subsidiary and the investment banking arm of State Bank of India (SBI). Headquartered in Mumbai, SBICAP has 5 regional offices across India (Ahmedabad, Chennai, Hyderabad, Kolkata and New Delhi), 2 branch offices (Pune and Guwahati) and 5 subsidiaries - SBICAP Securities Limited, SBICAP Trustee Company Limited, SBICAP Ventures Limited, SBICAP (UK) Limited and SBICAP (Singapore) Limited.
SBICAP also offers services in the areas of Equity Broking & Research, Security Agency & Debenture Trusteeship and Private Equity Investment & Asset Management through its wholly owned subsidiaries SBICAP Securities Limited, SBICAP Trustee Co. Ltd and SBICAP Ventures Limited, respectively.
In January 1997 the Asian Development Bank acquired a 13.84% equity stake in SBICAPS. This share was repurchased by State Bank of India in March 2010. In January 2006 SBICAP and the international investment banking group CLSA announced a two-year partnership to work on large joint deals in equity capital and mergers & acquisitions. In September 2006 SBI Caps announced that it had set up a $100 million venture fund in partnership with the venture capital division of SBI Holdings of Japan.
Air India ran into serious financial difficulties, and in July 2009 SBICAPS was asked by Civil aviation minister Praful Patel to prepare a road map to bring the carrier back into profitability. SBI Capital was appointed the mandated firm to restructure Kingfisher Airlines loans during the Kingfisher Airlines financial crisis, starting in 2010. In February 2012 SBSCAP and other bank lenders were insisting that commissions paid to promoters be reversed before they would consider providing further funding to the still-troubled airline.
In October 2006 R Sridharan was appointed managing director and CEO of SBI Capital. In July 2009 SBICAPS announced that S. Vishvanathan had replaced A.P. Verma as MD & CEO. Vishvanathan had joined SBI in 1976, had helped set up SBI's New York branch, and had been chief general manager of SBI’s North Eastern operations.
Awards
Rankings:
Dealogic
Bloomberg League Tables
Thomson Reuters-PFI
...
Wikipedia