India’s Yes Bank gets a Japanese lifeline

India’s Yes Bank gets a Japanese lifeline

Also in this newsletter: a good monsoon raises hopes for the economy, and Aalok Shah’s mantra

Yes Bank Shares To React After SMBC Buys 20% Stake In Lender

Yes Bank shares to react on May 12 after Sumitomo Mitsui Banking Corporation acquired a 20% stake in the private lender.

Yes Bank Share Price Prediction: SMBC Stake Deal Sparks Sharp Breakout

Yes Bank’s shares rallied over 4% today to trade at ₹20.92. This fresh momentum comes in the wake of Japan’s Sumitomo Mitsui Banking Corporation (SMBC) acquiring a 20% stake in the private lender, a move widely seen as a strategic turning point for the long-beleaguered bank. What’s Driving the Yes Bank Rally? There’s more than one reason Yes Bank is suddenly back in the spotlight. First, the big headline: Japan’s Sumitomo Mitsui Banking Corporat…

SMBC to Acquire 20% Stake in YES Bank, Becoming Largest Shareholder - Fintech Singapore

Sumitomo Mitsui Banking Corporation (SMBC) has entered into a definitive agreement to acquire a 20% stake in YES Bank through a secondary stake purchase, making it the bank’s largest shareholder. The stake comprises 13.19% from State Bank of India (SBI) and 6.81% from a group of Indian banks that invested in YES Bank under the Reconstruction Scheme in March 2020. SBI will remain a significant shareholder, retaining a stake of over 10%. The selli…