印度起草了银行融资规则,最高可达购置成本的70%,规定风险上限,并要求股权捐款。 India drafts rules for bank financing up to 70% of acquisition costs, capping exposure and requiring equity contributions.

印度储备银行发布了准则草案,允许银行为兼并、战略性外国投资和取消购货股权投资提供购货融资,贷款高达购置成本的70%,要求买方提供30%的股本。 The Reserve Bank of India has released draft guidelines allowing banks to provide acquisition financing for mergers, strategic foreign investments, and PSU disinvestments, with loans up to 70% of the acquisition cost, requiring a 30% equity contribution from the buyer. 以目标公司股份作为主要担保,可以向上市公司融资,这些上市公司有三年的经审计财务,利润丰厚,没有关联方关系。 Financing can go to listed companies with three years of audited financials, strong profitability, and no related-party ties, using target company shares as primary security. 银行风险上限为购货融资第1级资本的10%和与其他资本市场风险合并的20%。 Banks’ exposure is capped at 10% of Tier 1 capital for acquisition finance and 20% combined with other capital market exposure. 这些规则包括严格的风险管理、监测和压力测试,适用于直接贷款或特别信贷项目,允许在锁定期内提前清算已承诺的PSU股票。 The rules, which include strict risk management, monitoring, and stress testing, apply to direct loans or SPVs and permit early liquidation of pledged PSU shares during lock-in periods. 草案在2025年11月21日之前开放供评论,预计2026年4月1日开始实施。 The draft is open for comments until November 21, 2025, with implementation expected from April 1, 2026.