Prashanth Tapse, Senior VP at Mehta Equities, says SMBC’s stake in Yes Bank is a “real bailout” that brings long-term growth potential through innovation and business focus. He expects ...

Japan's Sumitomo Mitsui Banking Corporation (SMBC) [RIC:RIC:SUMFGI.UL] has sought approval from the Reserve Bank of India to acquire an additional 4.9% stake in India’s Yes Bank to take its ...

On May 9, Yes Bank had announced that SMBC would acquire the 20% stake from its shareholders, including SBI and several Indian lenders such as HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank ...

Japan's SMBC seeks CCI approval to acquire 20% stake in Yes Bank, becoming the largest shareholder. This marks a significant cross-border investment in Indian banking.

Shares of Yes Bank jumped 4.6% on Monday, after Japan's Sumitomo Mitsui Banking Corporation (SMBC) said on Friday it will take a 20% stake in the lender, marking India's largest cross-border ...