The Reserve Bank of India now permits banks to finance domestic company mergers and acquisitions. This reform updates capital market exposure guidelines. It aligns Indian banking with global standards. This opens new credit opportunities for banks. They can reclaim market share from non-bank lenders. Banks must develop specialized M&A advisory and underwriting skills. This policy change supports India’s corporate growth.
Apollo Micro Systems shares rally 9% as Q2 net profit jumps 56% YoY
Apollo Micro Systems has reported an impressive rise in Q2 earnings, with net profit soaring by 56% compared to last year. Revenues spiked 72%, hitting