SBI completes one M&A financing transaction, is set for another
State Bank of India (SBI) has completed its first merger and acquisition financing transaction and is preparing for a second. Chairperson C.S. Setty announced this at the Citi India conference, noting that a dedicated team has been established for this purpose. Additionally, he commented on the upcoming monetary policy decisions and the anticipated IPO of SBI AMC.
- ▪SBI has completed its first M&A financing transaction this year.
- ▪The bank is preparing for a second M&A transaction.
- ▪C.S. Setty mentioned that a dedicated team is in place for M&A financing.
Opening excerpt (first ~120 words) tap to expand
India’s largest lender, State Bank of India (SBI), is set to finance its second merger and acquisition transaction after it completed its first one in the current year, said C.S. Setty, Chairperson of the bank, on Wednesday (June 3, 2026) at Mumbai.“We have done one transaction, we are doing another one,” Mr. Setty said on the sidelines of the Citi India conference 2026, adding that SBI has already put in place the required systems and a dedicated team for the business. Mr. Setty, however, did not disclose the details of the transactions.The comment is an update to the announcement SBI had made a few months ago, on collaboration with a Japanese bank for acquisition financing.Meanwhile, the Monetary Policy Committee has geared up to announce rate action on Friday (May 29, 2026), the SBI…
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