India, Oct. 25 -- Jairam Ramesh, the Congress politician, has criticised mergers and acquisitions (M&As) in the banking sector for years. This time, his gripe is that foreign banks are surreptitiously and openly gobbling up Indian banks. His angst is related to the immediate news that a bank in the United Arab Emirates is keen to pick up a stake in RBL Bank. Earlier, the State Bank of India (SBI) sold a part of its stake in Yes Bank to Japan's Sumitomo Mitsui Banking Corporation. There were deals that involved the DBS Group, and Fairfax. Ramesh included a historical twist. More than 50 years ago, Jan Sangh, which was a precursor to the BJP, had taken Prime Minister Indira Gandhi to task, when she nationalised the Indian banks, but left th...