SMBC entry into Yes Bank marks a shift in RBI’s approach towards foreign bank involvement in Indian private lenders.

Japan’s Sumitomo Mitsui Banking Corporation (SMBC) is set to acquire a 20% stake in Yes Bank by purchasing shares from the State Bank of India (SBI) and seven other Indian banks.

Shares of YES Bank surged as much as 9 per cent during the trading session on Monday after the private lender announced ...

Sumitomo Mitsui Banking Corporation has entered into a definitive agreement to acquire a 20% stake in Yes Bank, marking the ...