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Why foreign banks are betting big on India? | Current Account Podcast
Description
In this episode of the Current Account podcast, host Piyush Shukla gets into an interesting conversation with Prakash Agrawal, Partner at Gefion Capital and former Senior Director & Head of Financial Sector Institutions at India Ratings & Research.
We explore the future of Indian banking, foreign bank investments, regulatory trends, PSB mergers, IDBI privatisation, credit–deposit growth, and asset-quality outlook for FY25.
Prakash Agrawal breaks down recent high-profile moves such as SMBC’s stake in Yes Bank and Emirates NBD’s proposed acquisition of RBL Bank, and what they signal about India’s position as a global growth hotspot. He also discusses RBI’s evolving stance on ownership, regulatory easing in the latest MPC, and whether India could be headed toward creating globally top-10 banks.