SMBC

Japan’s SMBC Buying Stake in Yes Bank

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ndia’s Yes Bank expects to sell a 20% stake to Japan’s second-largest bank, Sumitomo Mitsui Banking Corporation (SMBC), a wholly owned subsidiary of Sumitomo Mitsui Financial Group, for $1.58 billion, pending regulatory approvals from the Reserve Bank of India (RBI) and the Competition Commission of India.

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