The Indian Banks’ Association (IBA) is set to seek approval from the Reserve Bank of India (RBI) to facilitate funding for mergers and acquisitions (M&A) in the banking sector, according to the State Bank of India (SBI) Chief. This initiative aims to support consolidation efforts, strengthen balance sheets, and enhance operational efficiency among banks. By enabling structured financing for M&A deals, the IBA seeks to encourage strategic consolidation, promote financial stability, and optimize resource utilization.