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INDIA'S GLOBAL BANKING DEALS IN SEPTEMBER TOUCH US$125 BLN.
NEW DELHI, Oct 1 Asia Pulse - The global financial market turmoil has led to a series of merger and acquisition spree in India's banking sector as deals worth nearly US$125 billion were announced during September, a report said.
The volume of banking merger and aquisitions including savings and loan transactions has reached US$125.5 billion this month after the US$95.6 billion acquisition of ABN Amro by RBS, Banco Santander and Fortis was announced, deal tracking firm Dealogic said.
The deal is the second highest total on record after April 2007, the report further added.
"There have been 12 announced banking M&A deals of over one billion dollar each in September totalling US$117.9 billion, the most of any month on record," Dealogic added.
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