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SBI requests RBI to allow banks to fund company acquisitions, potentially offering a new financing route.
The State Bank of India (SBI) has asked the Reserve Bank of India (RBI) to permit banks to finance company acquisitions.
Currently, Indian banks cannot lend for mergers and acquisitions, so companies use non-banking financial institutions or bond sales.
If approved, this change could offer a new funding option for expansion.
Public sector banks recently reported strong profits, with SBI contributing significantly to a record Rs 44,218 crore profit across 12 banks.
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SBI solicita al RBI que permita a los bancos financiar adquisiciones de empresas, ofreciendo potencialmente una nueva ruta de financiación.