US EditionJapan's SMBC Buying Stake in Yes Bank
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Japan's SMBC Buying Stake in Yes Bank
If successful, the transaction will represent the biggest cross-border M&A deal in India’s financial sector and is likely to be completed by the second quarter of 2025. During the March 2020 Yes Bank crisis, the RBI proposed a reconstruction plan to rescue the bank with the support of the State Bank of India (SBI) and other banks. SMBC will acquire a 13.19% stake from SBI and a 6.81% stake from other institutions, including Axis Bank, Bandhan Ba…
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