An Abu Dhabi-based bank is reportedly in talks to acquire a significant stake in an Indian bank, according to UAE Ambassador to India Abdulnasser Alshaali. The envoy shared this development during an interview with CNBC-TV18, highlighting the potential scale of the deal, which could be worth billions of dollars. However, the names of the banks involved were not disclosed during the discussion.
Alshaali expressed optimism about the deal, stating that while certain issues need to be resolved before finalization, he is confident that the concerns will be addressed in due time. The potential investment is expected to strengthen the growing economic ties between the UAE and India.
The UAE has been one of India’s key economic partners, with increasing collaborations in sectors like energy, trade, and infrastructure. A potential acquisition of this scale in the banking sector would further cement the financial and investment relationship between the two countries.
The Indian banking sector has seen increasing interest from international investors due to its large market size and growth potential. If finalized, this acquisition could mark a significant milestone in cross-border banking investments between the UAE and India.
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