Yes Bank Sees Stronger Credit Profile Following SMBC Investment
Yes Bank has said the entry of Japan’s Sumitomo Mitsui Banking Corporation (SMBC) as its largest shareholder has significantly strengthened the bank’s institutional positioning. SMBC, part of Sumitomo Mitsui Financial Group and a Global Systemically Important Bank, holds a 24.9 per cent stake in Yes Bank. The lender said the partnership provides not only additional…
