News

RBI to cut rates by 25 bps on June 6, then once more in August - Reuters poll
The Reserve Bank of India will cut interest rates on June 6 for a third consecutive meeting and once more in August to ...
India File: Yes Bank deal has a message for RBI
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
SMBC’s entry into Yes Bank: Is the turnaround finally taking shape?
Japan’s SMBC is betting big on Yes Bank with a 20% stake. But will it be able to drive the strategy change that Yes Bank ...
SMFG stake buy in Yes Bank to pave way for other foreign entrants in Indian banking sector Fitch
Fitch Ratings on Tuesday said Sumitomo Mitsui Financial Group's (SMFG) 20 per cent stake buy in Yes Bank could pave way for other foreign entrants in the Indian banking sector.      India's foreign ...
The Financial Express22d
Is Yes Bank getting a Japanese lifeline? Sumitomo Mitsui reportedly eyes majority stake
SMBC eyes 51% stake in Yes Bank, Biggest deal in Indian banking? (Reuters) Yes Bank is in the spotlight today as reports suggested that Japanese giant Sumitomo Mitsui Banking Corp. (SMBC ...
Mint19d
Japan's SMBC succeeds in its pursuit of Yes Bank; to acquire a 20% stake
“SMBC has entered into a definitive agreement on 9 May 2025 to acquire 20% stake in YES Bank through a secondary stake purchase of 13.19% from SBI and 6.81% aggregate stake from other bank ...
The Pioneer19d
SBI sells stake in Yes Bank to Sumitomo corporation
State Bank of India (SBI) and seven other lenders on Friday announced selling 20 per cent of their combined stakes in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for a ...