Banks have sought tweaks to the Reserve Bank of India’s draft acquisition finance guidelines, including higher exposure limits, permission to fund unlisted companies’ merger and acquisition (M&A) plans, and approval to finance corporates acquiring majority stakes in tranches rather than in a single go.“The regulator must consider allowing banks to finance acquisitions of well-run unlisted entities, as various small-size listed entities have seen governance issues in the past,” a senior banker said seeking a ...