Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag SBI requests RBI to allow banks to fund company acquisitions, potentially offering a new financing route.

flag The State Bank of India (SBI) has asked the Reserve Bank of India (RBI) to permit banks to finance company acquisitions. flag Currently, Indian banks cannot lend for mergers and acquisitions, so companies use non-banking financial institutions or bond sales. flag If approved, this change could offer a new funding option for expansion. flag Public sector banks recently reported strong profits, with SBI contributing significantly to a record Rs 44,218 crore profit across 12 banks.

26 Articles