Sumitomo Mitsui Banking Corporation (SMBC) has finalized its acquisition of a 20% stake in Yes Bank, becoming its largest shareholder. This significant cross-border investment includes the appointment of two SMBC directors to Yes Bank's board. Yes Bank aims to leverage SMBC's global expertise to enhance its corporate banking and cross-border solutions, while also receiving improved credit ratings.
from Banking/Finance-Industry-Economic Times https://ift.tt/fDhniy2
via IFTTT
No comments:
Post a Comment