UAE and Japanese financial institutions buy big stakes in Indian banks

Financial institutions from the United Arab Emirates and Japan are acquiring significant stakes in Indian banks as the government relaxes foreign ownership restrictions. Dubai's Emirates NBD is set to buy a 60 percent stake in RBL bank, while Japanese firms like SMFG and MUFG are also investing billions. This influx of foreign capital is occurring as India and Israel work to implement a free trade agreement and deepen their strategic partnership. The developments are linked to a broader economic corridor planned from India through Israel to Europe, which was highlighted during an Indian minister's visit to Israel.