NEW DELHI, Dec 12: SBI Chairman C S Setty has said that the bank would adopt a calibrated approach for funding mergers and acquisitions, which was recently permitted by the Reserve Bank.

The bank has always taken a cautious and gradual approach while entering the new verticle of funding mergers and acquisitions in the domestic market, Setty told PTI in an interview.

Citing an example of home loan business, he said, even in that secured segment, the bank did not rush in, but gradually expanded the portfolio, which has now crossed Rs 9 lakh crore, making the bank the biggest player in the segment.

Praising the regulator for allowing lenders to undertake M&A finance, Setty said it acknowledges that the Indian banks are mature enough to undertake this activity.

The Reserve Bank, in October

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