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This article is part of our new APAC coverage, which will ultimately require a separate subscription to view. For more info on this product, contact subscriptions@9fin.com

A big change is coming for the Indian banking system. Starting 1 April, India’s central bank will allow domestic banks to fund mergers and acquisitions. It’s a change to long-held rules barring lenders from the Indian M&A market, which has so far been dominated by foreign lenders and private credit funds.

As Indian banks prepare to lend more to domestic corporates, what does this mean for liquidity, access to funding, and for international lenders that have earned 20% yields so far?

9fin's Mumbai-based reporter Rajhkumar Shaaw and Asia editor Richard Macauley answer these questions and walk listeners through the changes in this latest edition of our Cloud 9fin podcast.