BankingAfter close
SBI and PNB plan unified strategy for ₹1.2 lakh crore M&A market
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State Bank of India (SBI) and Punjab National Bank (PNB), along with other PSU banks, are collaborating to access India's ₹1.2 lakh crore mergers and acquisitions market. This initiative, led by the Indian Banks Association (IBA), aims to seek relaxations from the RBI on acquisition finance guidelines set for April 2026. Unified framework discussions are underway to ensure a common strategy for financing acquisitions across public sector lenders.
Not investment advice. For informational purposes only.