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India’s stock market capitalisation topped $4.3tn to overtake Hong Kong as the world’s fourth-largest market.
State Bank of India (SBI) expects to give out 3.5 trillion rupees ($42.30 billion) in corporate loans over the rest of this financial year as private companies step up investments in key sectors, the chairman of the country's largest lender said. And nearly 80% of this incremental loan demand is coming from the private sector, SBI chairman Dinesh Kumar Khara told Reuters in an interview over the weekend. About 70% of the 3.5 trillion rupees would be in term loans and help boost SBI's corporate loan book by 12%-13% this fiscal, said Khara.