SMFG’s 20% stake in Yes Bank may set precedent for foreign...

SMFG’s 20% stake in Yes Bank may set precedent for foreign investment: Fitch

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Sumitomo Mitsui Financial Group's potential acquisition of a 20% stake in Yes Bank could reshape foreign investment in Indian private banks, potentially leading to greater foreign participation. Fitch Ratings suggests the deal, pending RBI approval, might set a precedent for similar transactions, as current regulations limit foreign investors' voting rights and direct investments.

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