State Bank of India (SBI) can provide acquisition financing support of up to ₹94,000 crore to India Inc, going by the Reserve Bank of India’s Amendment Directions for Commercial Banks on Credit Facilities, according to Chairman Challa Sreenivasulu Setty.As per the directions, banks can provide acquisition financing to Indian companies, listed as well as unlisted, of up to 20 per cent of their tier-1 capital. Total bank financing cannot exceed 75 per cent of the acquisition value.Speaking to reporters on the ...

Indian capital markets are witnessing a boom in IPO activity in 2025, with the current calendar year being expected to be the largest IPO year in India’s history, according to India heads of foreign banks on Wednesday.Illustration: Dominic Xavier/RediffSpeaking during a session moderated by Manojit Saha of Business Standard, HSBC India CEO, Hitendra Dave, said, “I think by all accounts, 2025 promises to be the largest IPO year of all time for India."The next two months will be very busy. It’s like going fro ...

Banks like State Bank of India (SBI), which have been doing outbound M&A financing for Indian corporates to acquire overseas entities, are well-versed in acquisition financing, said SBI Chairman CS Setty at the sidelines of the Global Fintech Fest 2025.The RBI is planning to put in place an enabling framework for Indian banks to finance domestic acquisitions by India Inc.Currently, banks can only support overseas acquisitions of Indian companies. To improve the flow of credit and expand the scope of capital ...