Sumitomo Deal Gives Clarity On Sbi's Stake Yes Bank Ceo Prashant Kumar

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business sumitomo deal gives clarity on sbi s stake yes bank ceo prashant kumar

Following a deterioration in Yes Bank's financial position, the Reserve Bank of India superseded the board in March 2020. Soon after, a clutch of banks led by SBI rescued Yes Bank. Now, a deal with Sumitomo Mitsui Banking Corp. would allow a partial exit for SBI and others.

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