Something interesting brewing in India's banking sector right now. Local banks are lobbying hard to get regulators to loosen up restrictions on M&A financing caps. The motivation? They're watching international banks eat their lunch in what's become a red-hot deals environment.

The current limits are apparently cramping their style when it comes to competing for big-ticket transactions. Domestic lenders argue they need more flexibility to go head-to-head with global players who've been dominating the space. With deal flow accelerating, there's serious money on the table – and Indian banks don't want to keep sitting on the sidelines.

Whether regulators will budge remains to be seen, but the pressure is definitely mounting.