Japan’s bank to buy up to 24.99% stake in Yes Bank: SMBC approves RBI, even after the deal it will not be considered a promoter of the bank.
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…