State Bank of India is exploring partnerships with Japanese banks for merger and acquisition financing. New regulations permit Indian banks to fund up to 75% of domestic M&A deals. SBI chairman CS Setty indicated ongoing discussions with lenders active in this sector. The bank expects board approval soon for its M&A financing policy.
MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The