The Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation’s (SMBC) plan to acquire up to 24.99% stake in Yes Bank. This follows Yes Bank’s earlier announcement regarding SMBC’s intention to purchase a 20% holding. The RBI’s approval, valid for one year, is subject to certain conditions, including compliance with banking regulations and other applicable laws. Post navigation CM Vishnu Deo Sai Strengthens Chhattisgarh’s Global Connect in Japan, from Investments to Space Tech US-India trade: Tariffs to hit leather sector; Kolkata exporters pondering ‘Made in Europe’ question
