New Delhi, Oct 19 (UNI) The Congress party today voiced strong concerns over the growing trend of foreign firms acquiring stakes in Indian banks, labeling it “imprudent” and cautioning against the potential risks to the country’s financial stability.

Congress General Secretary and Communications In-charge Jairam Ramesh highlighted the recent acquisition of RBL Bank by Emirates NBD Bank, calling attention to the increasing foreign footprint in India’s banking landscape.

“Foreign firms are gradually being allowed to acquire Indian banks. Such imprudent moves pose substantial risks to our financial sovereignty,” Ramesh said in a post on X. He pointed out that this is part of a broader pattern, citing prior takeovers like Singapore’s DBS Group’s acquisition of Laxmi Vilas Bank, Canada’s Fai

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