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flag India relaxes banking rules to attract foreign investment, enabling UAE’s NBD and Japan’s SMBC to gain majority stakes.

flag India’s banking sector is transforming as the RBI relaxes rules to attract foreign investment, allowing UAE’s NBD and Japan’s SMBC to gain majority stakes in Indian banks. flag Reforms focus on capital strength, global expertise, and governance, enabling M&A financing and new risk norms. flag ICICI Bank wins Bank of the Year for the fifth straight year, while HSBC India and L&T Finance also receive top honors. flag Former RBI Governor Shaktikanta Das is awarded Lifetime Achievement. flag The changes aim to build a more resilient, globally integrated financial system to support India’s $7–10 trillion GDP target.

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