BankingAfter close
RBI supports banks in acquisition financing to boost economy
after close1 source ↓written by the desknot a recommendation
- and setting
- 70% of deal value
The Reserve Bank of India, led by Governor Sanjay Malhotra, announced plans to allow banks to finance acquisitions, aiming to enhance economic growth. This move includes guardrails such as limiting funding to 70% of deal value and setting debt-to-equity ratios to mitigate risks. This initiative follows the easing of credit measures last month, potentially benefiting the real economy.
Not investment advice. For informational purposes only.