India's Financial Sector Sees Surge in Cross-Border Deals in 2025

India's financial sector has seen significant cross-border deals in 2025, with $8 billion worth of mergers and acquisitions between January and September, a 127% increase over the same period last year. Notable deals include MUFG's $4.4 billion investment in Shriram Finance, Emirates NBD's $3 billion acquisition of RBL Bank, and SMBC's $1.6 billion stake in Yes Bank. Blackstone invested $705 million in Federal Bank, and Abu Dhabi's IHC agreed to invest $1 billion in Sammaan Capital. Warburg Pincus and ADIA invested $877 million in IDFC FIRST Bank, and Bain Capital acquired an 18% stake in Manappuram Finance for $508 million.