Japan’s SMBC Buying Stake in Yes Bank
The Indian Bank of India plans to sell a 20% participation in the second largest bank in Japan, Sumitomo Mitsui Banking Corporation (SMBC), a subsidiary in exclusive property by Sumitomo Mitsui Financial Group, for $ 1.58 billion, pending regulatory approvals from the Bank of India (RBI) and the Competition Commission. In the event of success, … Read more