Yeh sab RBI ke naye rules ki wajah se ho raha hai. Ab Indian banks kisi company ke acquisition ka 75% tak finance kar sakte hain, jisme debt-equity ratio 3:1 hoga. Aur ek bank apni Tier-1 capital ka 20% tak M&A finance mein laga sakta hai. Isse SBI ke liye nearly ₹94,000 Crore ka lending window khul gaya hai! SBI ka P/E ratio bhi lagbhag 13.25x hai aur market cap ab ₹11.25 lakh Crore ke aas paas hai. Stock abhi ₹1,200 se ₹1,225 ke range mein chal raha hai. Brokerages bhi is move ko positive dekh rahe hain, target price ₹1,200 se ₹1,300 de rahe hain.
SBI ki strategy ekdum chill hai, koi jaldi nahi hai. Chairman ne bola hai ki pehle chote-mote 'plain vanilla' deals karenge jisme investor apna equity laayega aur bank debt. Woh Japanese banks se baat kar rahe hain kyunki woh M&A financing mein kaafi active hain aur India mein bhi unka involvement badha hai. Agar zarurat pade toh alag-alag banks ko milakar ek consortium bhi banayenge, risk distribute karne ke liye.
Yeh India ke M&A financing scene ke liye bada change hai. Pehle toh sirf NBFCs, private credit funds ya foreign banks hi yeh sab karte the, woh bhi mehenge rates par. India ka M&A market waise bhi grow kar raha hai, 2025 mein domestic deals $104 billion ke the aur overall deal value $26 billion November 2025 tak ho gaya tha. Ab domestic banks bhi isme aa gaye hain, jo ki bahut badhiya baat hai.
Haan, RBI ke rules thode conservative hain, jisme eligibility criteria aur leverage limits hain, taaki koi risky deal na ho jaye. Isliye SBI bhi cautiously aage badhega. Finally, SBI board jaldi hi M&A financing ki policy approve kar dega, jiske baad yeh strategic move officially launch ho jayega.