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New Delhi: India’s central bank on Wednesday announced that it has given in-principle approval to Japan’s Sumitomo Mitsui Banking Corp (SMBC) to set up a wholly owned subsidiary in the country — marking an important step in the bank’s expansion plans in the Indian market. In a statement, the Reserve Bank of India said the…
New Delhi: The Competition Commission of India (CCI) on Tuesday approved the Sumitomo Mitsui Banking Corporation’s acquisition of certain share capital and voting rights of Yes Bank. “The proposed combination relates to the acquisition of share capital and voting rights of YES Bank by Sumitomo Mitsui Banking Corporation (SMBC),” the CCI said. Earlier last month,…
Last Updated:August 29, 2025, 07:43 is Japanese banking major Sumitomo Mitsui Banking Corp (SMBC) is set to inject Rs 16,000 crore ($1.83 billion) into Yes Bank Yes Bank SMBC Deal Japanese banking major Sumitomo Mitsui Banking Corp (SMBC) is set to inject Rs 16,000 crore ($1.83 billion) into Yes Bank through a mix of equity…
Last Updated:August 24, 2025, 08:12 is The RBI has clarified that pursuant to the acquisition, SMBC would not be treated as a promoter of Yes Bank, according to a statement. Yes Bank SMBC Deal RBI Approval. Yes Bank has said the RBI has accorded approval to Japan-based Sumitomo Mitsui Banking Corporation (SMBC) to acquire up…
Mumbai52 minutes ago Copy link Yes Bank shares fell 21% in a year. Sumitomo Mitsui Banking Corporation (SMBC) of Japan will buy a stake in Mumbai’s Private Sector Bank Yes Bank. SMBC has received approval from the Reserve Bank of India (RBI) for this purchase. This information has been given by Yes Bank in stock…
New Delhi: Mumbai-based private sector lender Yes Bank Ltd on Saturday announced that it has received approval from the Reserve Bank of India (RBI) for Japan’s Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99 percent stake in the bank. The approval was conveyed through an RBI letter dated August 22, 2025, and will…
Mumbai25 minutes ago Copy link 7 banks like Axis Bank, Kotak Mahindra, ICICI and HDFC will also sell their 6.81% stake in Yes Bank. Japanese company Sumitomo Mitsui Banking Corporation (SMBC) has announced to buy a 20% stake in the private sector bank of India. The deal has been done at Rs 13,483 crore with…
Last Updated:May 09, 2025, 16:45 is SBI holds a 24 per cent stake in Yes Bank, as a result of the regulator-led restructuring of the lender in March 2020. Yes Bank Share Price: Stock rally 10% as SBI plans to sell 13.19% stake. Yes Bank Stake Sale: State Bank of India (SBI) will divest 413,44,04,897…
No news Business Japans sumitomo mitsui banking corporation smbc in talks to buy big stake in yes bank New Delhi22 minutes ago Copy link Yes Bank has a 23.97% stake in SBI. Japanese company Sumitomo Mitsui Banking Corporation (SMBC) is planning to buy large stake in private sector bank Yes Bank in India. For this,…