Foreign Faith Returns: What the Emirates NBD–RBL and SMBC–Yes Bank Moves Reveal About India’s Risk Credibility
There’s something quietly momentous about what’s happening in India’s banking sector right now. Two deals – Emirates NBD’s planned US$3 billion acquisition of a majority stake in RBL Bank and Sumitomo Mitsui Banking Corporation’s deepening partnership with Yes Bank – may seem like isolated capital transactions at first glance. But seen together, and against the…