State Bank of India (SBI) on Friday announced that it has decided to sell 13.19 per cent stake in Yes Bank to Sumitomo Mitsui Banking Corporation (SMBC) worth Rs 8,889 crore at Rs 21.50 per equity ...

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.

State Bank of India announces a record Rs 15.90 per share dividend, its highest in over 12 years (Reuters) The country’s largest public lender, State Bank of India (SBI), on Saturday announced a ...

State Bank of India (SBI) has launched the largest staff engagement programme in the banking sector to make the employees future-ready and instil a sense of pride for being part of its rich ...

Japanese financial services giant Sumitomo Mitsui Banking Corporation (SMBC) has agreed to buy a 20% stake in YES Bank in what would be the largest cross-border transaction in the Indian banking ...

Japan's Sumitomo Mitsui Banking Corp. (SMBC ... Currently, State Bank of India (SBI) and other lenders hold 33% in Yes Bank. SMBC's voting rights in Yes Bank will becapped at26%.

Union Bank of India (UBI) said “All our Bank’s ATMs and digital banking services, including mobile and internet banking, are fully functional and operational. We remain committed to serving ...

Sumitomo Mitsui Banking Corp (SMBC) is nearing a deal to acquire a major stake in Yes Bank, potentially triggering an open offer for an additional 26% stake and making SMBC the largest shareholder.

ANZ is scrapping passwords for internet banking for its digital banking arm ANZ Plus. The move makes it the first Australian bank to offer a fully passwordless internet banking option. From mid-2025, ...

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 12.5%, if your total long term capital gain exceeds 1.25 lakh. Any cess/surcharge is not ...