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Indian banks can now finance company acquisitions. The Reserve Bank of India has released draft rules for this. Target companies must be listed, profitable, and have a good net worth. Banks will face exposure limits. These new guidelines aim to expand capital market lending for Indian corporates. Feedback is invited until November 21.
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News and Media
In a significant move, global investment giant Blackstone has allocated more than six thousand crore rupees to Federal Bank, officially becoming the largest shareholder in the Kerala-based institution. This landmark deal highlights the increasing appetite of foreign investors for India's burgeoning financial landscape.
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News and Media
October brought a refreshing wave of optimism as foreign investors rekindled their interest in Indias financial services, funneling impressive amounts of money back into the market after a dry spell of outflows. This shift is primarily spurred by stronger-than-anticipated results from banks and an encouraging outlook for public sector banking.
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News and Media
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