SBI Urges RBI To Permit Banks To Finance Acquisitions
New Delhi: The State Bank of India (SBI.NS), the country’s largest lender by assets, has approached the Reserve Bank of India (RBI) seeking permission for banks to finance mergers and acquisitions, Chairperson Challa Sreenivasulu Setty said on Monday. At present, RBI regulations prohibit banks from directly funding acquisition deals, forcing companies to depend on non-banking…