SMBC entry into Yes Bank marks a shift in RBI’s approach towards foreign bank involvement in Indian private lenders.

Following a deterioration in Yes Bank’s financial position, the Reserve Bank of India superseded the board in March 2020.

The stock has now climbed nearly 19% in just five trading sessions and 21% in a month, but top brokerages remain unconvinced. Most still have a ‘sell’ or ‘neutral’ rating on the lender.

Information technology (IT) stocks on Tuesday declined heavily in the Nifty IT index due to a weak market. While LTI Mindtree Limited (up 1.37%) and Tech Mahindra Limited (up 0.90%) were among the top ...

Kotak Institutional Equities has maintained its 'sell' rating on the lender even after the announcement of significant stake acquisition by Sumitomo Mitsui Banking Corporation.

In today’s newsletter, will a good monsoon season wipe away urban India’s economic woes? But first, Japan’s Sumitomo Mitsui ...

In a recent development, the country’s largest bank, the State Bank of India (SBI) announced that it has decided to sell a ...

Global shares rally, while gold and safe-haven currencies slump against a resurgent dollar as the US and China agreed to ...

Following the news that Japan’s Sumitomo Mitsui Banking Corporation (SMBC) would pay ₹13,483 crore (about $1.58 billion) to acquire a 20% interest in the private lender, Yes Bank shares surged by ...

Of the 20 per cent stake, SBI would dilute 13.19 per cent stake in Yes Bank in favour of SMBC for a consideration of Rs 8,889 ...

Yes Bank share price has jumped 21% in one month, and the stock is up 6% YTD. While Yes Bank shares have fallen 7% in one ...

SBI's investment in Yes Bank yields 14.5% return, selling stake to SMBC for profit, benefiting other banks as well.