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SBI ropes in MUFG Bank to foray into M&A financing

The Morning Standard

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March 12, 2026

THE State Bank of India has roped in Japanese banking giant MUFG Bank to collaborate on financing mergers and acquisitions, aviation and real estate projects to support Indian and global clients, the lenders said in a joint statement on Wednesday.

- ENS ECONOMIC BUREAU @Mumbai

The move came after the Reserve Bank allowed banks to enter into acquisition finance, allowing funding up 75% of the deal value. SBI chairman CS Setty had last month said they were in talks with a few Japanese banks for M&A finance. Setty had said the bank has a war chest of about 94,000 crore for this, and the bank will be going to board soon.

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