New Delhi, Feb. 16 -- Following the RBI's final prudential norms, banks, including major public sector lenders such as State Bank of India and Bank of India, are exploring a revival of acquisition financing and seeking legal clarity on the framework.

Lenders have begun internal reviews to implement the revised guidelines, including board-approved policies and stronger risk and staffing systems, reported Financial Express quoting sources.

A senior private sector banker said the draft norms were initially seen as restrictive, but the final guidelines have significantly changed that view. "Banks are keen to enter this segment. The final framework is much more enabling and offers sufficient operational flexibility," a senior official at a s...