Yes Bank anticipates Sumitomo Mitsui Banking Corp (SMBC) to maintain at least a 20% stake, with regulatory factors potentially limiting further increases. SMBC's 20% acquisition marks a significant cross-border deal in India's financial sector. The deal awaits regulatory approvals, and is expected to positively impact Yes Bank's credit rating and lending opportunities.
from Banking/Finance-Industry-Economic Times https://ift.tt/PZONSHb
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