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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Indian banks have been allowed to fund M&As, but the framework will matter as much as the opportunity.
Last week, the Reserve Bank of India (RBI) announced that it would permit banks to finance acquisitions by Indian companies, ending a long-standing prohibition on most bank-led takeover lending. Governor Sanjay Malhotra framed this as part of a broader policy change intended to support growth in an environment of easing inflation; the central bank’s Monetary Policy Committee (MPC) had observed that “the overall inflation outlook has turned even more benign”, opening up “policy space for further supporting growth”.
Among the many developmental measures announced on Wednesday, the RBI said it would “provide an enabling framework for banks to finance acquisitions …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Lenders stand to gain a lot more than borrowers in the current challenging market environment
Believing education is the key to success, Unacademy raised $880 million and reached a $3.4 billion valuation, only to crash 90%. Its co-founder and CEO gets candid about the state of the startup and Indian edtech.
