Mumbai : The country's largest lender SBI is open to collaborating with foreign banks once the Reserve Bank makes it possible for local banks to do acquisition finance, its Chairman CS Setty said on Tuesday.Speaking to reporters, weeks after the central bank announced its intent to allow Indian banks to fund companies for executing domestic acquisitions, Setty acknowledged that the "MNC (multinational companies) banks" are dominant in the space.

Setty said SBI has always been doing outbound acquisition finance and has also gained considerable expertise in this aspect."Yes, I think some of the MNC banks are very well into this activity. We don't mind collaborating with them," he said. SBI can also use its in-house investment banking unit SBI Capital Markets' expertise for such deals, Sett

See Full Page