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Global banks bet billions on India amid US credit jitters
Sumitomo Mitsui Financial Sumitomo Mitsui Financial (US:SMFG) BusinessLine·2025-10-20 16:19

A spate of billion-dollar deals for Indian banks has thrust the country’s financial sector into the global spotlight, at a time when US credit losses and trade tensions have rattled investors globally.Over the weekend, Emirates NBD Bank PJSC said it plans to invest 3billioninRBLBankLtd.,markingthebiggestforeigninvestmentinIndiasbankingsector.Earlierthismonth,AbuDhabisInternationalHoldingCo.PJSCinkedadealtobuyintoSammaanCapitalLtd.forabout3 billion in RBL Bank Ltd., marking the biggest foreign investment in India’s banking sector. Earlier this month, Abu Dhabi’s International Holding Co. PJSC inked a deal to buy into Sammaan Capital Ltd. for about 1 billion, while Sumitomo Mitsu ...