SBI, other lenders sell Yes Bank stake for Rs 13,483 crore in deal...

SBI, other lenders sell Yes Bank stake for Rs 13,483 crore in deal with Japan’s Sumitomo Mitsui Banking Corporation

Posted

State Bank of India and other lenders are selling a 20% stake in Yes Bank to Japan's Sumitomo Mitsui Banking Corporation for Rs 13,483 crore. This marks the largest cross-border investment in Indian banking, making SMBC the largest shareholder. The sale follows Yes Bank's 2020 rescue, with SBI retaining just over 10% stake after the deal.

Read Full Article

Please log in to like, share and comment!