Is Yes Bank getting a Japanese lifeline? Sumitomo Mitsui reportedly eyes majority stake
- Posted on May 6, 2025
- By Financial Express
- 3 Views
Is Yes Bank getting a Japanese lifeline? Sumitomo Mitsui reportedly eyes majority stake
Japanese bank SMBC is set to buy a 51% stake in Yes Bank, which may lead to an open offer for 26% more shares. This would be India’s biggest M&A deal in the banking sector. Foreign ownership in Indian private banks is limited to 74% and 15% per entity. Despite previous troubles, Yes Bank has […]
