India Banks Seek to Double Cap on Merger Finance as Deals Soar

Indian banks are pushing to relax a key cap on financing for mergers, according to people familiar with the matter, as domestic lenders seek to win more business from global...

By Siddhi Nayak, Saikat Das · Bloomberg Markets

Indian banks are pushing to relax a key cap on financing for mergers, according to people familiar with the matter, as domestic lenders seek to win more business from global rivals in a surging deals market.