Why foreign banks are betting big on India? | Current Account Podcast

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.