Indian financial-sector cross-border deals hit ~$8 billion so far this year, up 127% YoY

Cross-border mergers and acquisitions in India’s financial sector have reached about US $8 billion from January to September 2025, representing a 127% increase year-on-year. Significant transactions include a large stake acquisition by UAE’s Emirates NBD in RBL Bank among other deals. Analysts see this as evidence of growing foreign confidence in Indian financial services, but caution that deal integration and regulatory changes will be key for sustained momentum.