India’s Top PSB Urges RBI to Permit Funding for Acquisitions

Rapid Summary

• State bank of India (SBI) has requested the Reserve Bank of India (RBI) to allow banks to finance acquisitions.
• Current regulations prohibit Indian banks from lending for mergers and acquisitions, leading companies to depend on non-banking financial institutions or bonds for such funding.
• SBI Chairperson Challa Sreenivasulu Setty proposed that acquisition financing could begin with large listed companies during an industry event.

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