The last year has been eventful for India’s banking and finance sector. Equity deals of over Rs 55,000 crore were either announced or completed, which has turned around the fortunes of the sector that was reeling under the weight of bad loans. Last week, RBL Bank confirmed an ET newsbreak announcing that UAE’s Emirates NBD had agreed to buy a 60% stake for Rs 26,853 crore ($3 billion), making it the largest foreign direct investment in the banking space.