The Economic Times·2025-10-24 06:04Core Insights - The financial sector has experienced a significant increase in mergers and acquisitions, totaling $8 billion between January and September 2025, marking a 127% rise compared to the same period last year [1][12]. Major Deals - Emirates NBD is set to acquire a 60% stake in RBL Bank for $3 billion, which is the largest overseas acquisition in the Indian financial sector to date, providing access to an extensive branch network [2][12]. - Sumitomo Mitsui Banking Corporation (SMBC) agreed to purchase a 20% stake in Yes Bank for $1.6 billion, with an additional 4.99% acquired in September [5][12]. - Blackstone, through a Singapore-based affiliate, will invest ₹61.97 billion ($705.05 million) in Federal Bank for a 9.9% stake, allowing the affiliate to nominate a non-executive director to the board [6][12]. - International Holding Company (IHC) plans to invest close to $1 billion for a 43.5% stake in Sammaan Capital, with intentions to launch an open offer for an additional 26% stake [6][12]. - Warburg Pincus and Abu Dhabi Investment Authority (ADIA) will invest $877 million in IDFC FIRST Bank, resulting in a combined ownership of 15% upon conversion of shares [8][12]. - Bain Capital has agreed to acquire an 18% stake in Manappuram Finance for $508 million, with plans to increase its stake to over 40% through an open offer [9][12]. - Bajaj Group repurchased a 26% stake in its joint ventures with Allianz for $2.8 billion, concluding a decade-long partnership [10][12].