The State Bank of India capital market is planning to encourage the private equity advisory business in India. The bank capital has many mid-corporate companies and the bank is looking to tap these companies, for the purpose of improving the PE advisory trade. The bank is trying to establish contact between the private equity firms and the bank’s corporate customers. Some of the leading companies like Goldman Sachs, CX partners and Avigo Capital attended the meeting, which was held recently, in New Delhi.
Mr. Vinod Pande, the senior vice president of the SBI Capitals said that he is aggressively focusing with on the PE space. Right now, the SBI Caps is enjoying a large mid-corporate client base and the SBI is targeting these companies, for developing its PE advisory business. They are targeting the companies that have 400 Crore to 1000 Crore Indian rupees. The SBI Caps is targeting India’s II Tier cities, for this trade.