Mumbai: Japan’s Sumitomo Mitsui Banking Corp. (SMBC) will acquire a 20% stake inYes Bank for ₹13,482 crore, making it the largest cross-border investment in the Indian banking sector.

According to a report by Mint, SMBC has secured the RBI’s nod to become a majority stakeholder in Yes Bank. The proposed transaction may value the lender at approximately $1.7 billion ...

Tokyo-based Sumitomo Mitsui Banking Corp. (SMBC) has agreed to buy a 20% stake in India’s Yes Bank for 135 billion rupees ($1.6 billion) as the Japanese lender deepens its presence in the world ...

Japanese financial services giant Sumitomo Mitsui Banking Corporation (SMBC) has agreed to buy a 20% stake in YES Bank in what would be the largest cross-border transaction in the Indian banking ...

Deal could be largest in India's banking sector RBI has verbally approved SMBC's acquisition plan, one source says Another source says SBI negotiating final deal contours with SMBC May 6 (Reuters ...

MUMBAI, May 16 (Reuters) - (This May 15 story has been corrected to clarify that SMBC will acquire the stake, not SBI, in paragraph 6) India's Yes Bank (YESB.NS), opens new tab expects Japan's ...

Japanese financial conglomerate Sumitomo Mitsui Banking Corporation (SMBC) is back in the fray to acquire a controlling stake in Yes Bank. State Bank of India (SBI) has reopened talks with SMBC to ...

(Reuters) - Sumitomo Mitsui Banking Corp (SMBC) is close to agreement on acquiring a stake in Yes Bank, with the Japanese firm eyeing a majority 51% equity in the Indian lender, three sources familiar ...

SBI to sell 13.19 per cent stake for Rs 8,889 Crore while Japan's SMBC gets board representation and Pre-emptive rights Japan’s Sumitomo Mitsui Banking Corporation (SMBC) will acquire a 20 per ...

MUMBAI: Capping a year-long effort, State Bank of India and other lenders have inked a deal with the Japanese financial powerhouse Sumitomo Mitsui Banking Corp (SMBC) for a 20% stake sale in Yes ...

Japan's Sumitomo Mitsui Banking Corp (SMBC) has entered into a definitive agreement on May 9, 2025 to acquire 20% stake in Yes Bank through a secondary stake purchase of 13.19% from SBI and 6.81% ...

Shares of Yes Bank jumped 4.6 per cent on Monday, after Japan's Sumitomo Mitsui Banking Corporation (SMBC) said on Friday it will take a 20 per cent stake in the lender, marking India's largest ...