India banks seek to double cap on merger finance as deals soar

Indian banks are seeking to increase their merger financing limits. Lenders want to raise the cap to 20% of core capital from 10%. This move aims to help them compete better in a growing deals market. The Reserve Bank of India is considering the proposal. This could allow Indian banks to win more business from global rivals.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/eKb2JoX
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