SBI Chairman CS Setty advocates for regulatory flexibility, urging the RBI to allow local lenders to fund corporate M&As, particularly for listed companies with transparent shareholder approvals. This comes amid discussions on evolving corporate credit trends, with banks shifting towards short-term working capital.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.