Japan's Smbc To Take 20 Stake In India's Yes Bank

business japan s smbc to take 20 stake in india s yes bank

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Sumitomo Mitsui Banking Corporation (SMBC) is set to acquire a 20% stake in Yes Bank, marking the largest cross-border M A deal in India's financial sector. SMBC will purchase shares from State Bank of India (SBI), reducing SBI's stake, and from other major Indian banks including Axis Bank, HDFC Bank and ICICI Bank.

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