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Japanese bank SMBC plans to buy a 20% stake in India's YES Bank, marking a major foreign investment in Indian banking.
Sumitomo Mitsui Banking Corporation (SMBC) plans to acquire a 20% stake in India's YES Bank through a secondary stake purchase from State Bank of India (SBI) and seven other Indian banks.
SBI will sell a 13.19% stake for ₹8,889 crore, while the transaction, which aims to bolster YES Bank's capital and stability, is still subject to regulatory approvals.
This deal marks the largest cross-border investment in India's banking sector.
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El banco japonés SMBC planea comprar una participación del 20% en el banco YES Bank de la India, lo que marca una importante inversión extranjera en la banca india.