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Country s largest bank State Bank of India (SBI) on Wednesday said it will consider raising USD 3 billion through public offer or private placement during the current fiscal. The bank s Executive Committee of the Central Board will meet on May 20 to decide on the fundraising plans.

The U.S. dollar fell on Wednesday, adding to a drop in the prior session after weaker-than-expected U.S. consumer inflation data as investors await signs that global trade battles will continue to ease.

FICCI has appealed to the RBI to maintain the current co-lending rules, which allow NBFCs to originate loans and then sell a significant portion to banks. They argue that the proposed shift to a joint lending model, requiring simultaneous disbursal, would disrupt credit access and force NBFCs to reduce operations, potentially leading to job losses.

Foreign portfolio investors (FPIs) bought shares worth a net ₹931 crore on Wednesday after being marginal buyers worth ₹88 crore the previous day. So far in May, FPIs bought equities worth ₹11,663 crore after purchasing ₹3,416.08 crore in April. Domestic institutional investors (DIIs) bought shares worth ₹316 crore.

Greenko Group founders are reducing their acquisition of Orix Corporation s stake due to tightening credit markets. They now aim to raise $610 million to purchase 17.3% of the holding company, down from the initially planned $800 million for a 20% stake.

IndusInd Bank is facing scrutiny over past accounting reversals flagged in a whistleblower letter to the RBI and the board. The letter also highlighted a discrepancy in interest income from the microfinance portfolio and an inappropriate relationship between a senior executive and an employee. These issues led to internal and forensic audits, executive resignations, and a significant financial provision.

Data published by the Reserve Bank of India (RBI) Wednesday showed that external commercial borrowing (ECB) registrations by companies, including non-banking finance companies, stood at more than $11 billion in March. This took the total number to $61 billion for FY25, compared with $49 billion a year ago.

In the fund manager survey, 42% said they are overweight on India, followed by 39% for Japan, and 6% for China. Thailand fared the worst. A total of 109 panelists with $234 billion of assets responded to the survey s regional questions.

MSCI has included Coromandel International and Nykaa in its Global Standard Index, effective May 30, potentially triggering $408 million in passive fund flows. Simultaneously, 22 stocks were removed and 11 added to the India Small Cap Index, marking a significant shift. Cipla, Indus Towers, and Grasim Industries will see increased weightage, while Astral s weightage will decrease.

In QC segment, while each of firms reported more than 2-fold rise in GOV and revenue, Zomato s QC service Blinkit outshone Swiggy s Instamart. "Instamart continues to lag Blinkit in growth and incremental unit economics," said Anand Rathi Research.