Global banks attracted to India’s nearly $4 trillion economy are discovering that access comes at a price: limited control, drawn-out returns and the need for unconventional deal structures. While India offers one of the most compelling growth opportunities in the coming decades, overseas bidders in the financial sector face tight voting caps, onerous processes and long payback timelines as they seek to get a foothold. To pull off their expansion, Japan’s megabanks adopted different playbooks to get them through.