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Indian banks have been allowed to fund M&As, but the framework will matter as much as the opportunity.

The RBI’s unusually harsh order raises deeper questions about management credibility—and whether investors should take assurances at face value.
The regulator’s proposals to introduce checks and safety features in instant payments, if implemented, may end up testing banks.
The seafood company solved its demand problem by aggressively buying global distributors. Now it has a financing problem that it can't solve without public money.