Japan's SMBC is set to acquire a 20% stake in Yes Bank for ?13,482 crore, the largest foreign investment in the Indian banking sector. The deal involves purchasing shares from SBI and other lenders that had come to Yes Bank's rescue five years ago.
Japan's SMBC is set to acquire a 20% stake in Yes Bank for ?13,482 crore, the largest foreign investment in the Indian banking sector. The deal involves purchasing shares from SBI and other lenders that had come to Yes Bank's rescue five years ago.