SMBC’s CEO visits India to discuss acquiring a 51% stake in Yes Bank.
SMBC's Global CEO Visits India
The RBI allows a foreign investor to hold a 51% stake in Yes Bank, a rare move in India's banking sector.
RBI Approves Unprecedented Stake Sale
SMBC values the 51% stake in Yes Bank at $5 billion, signaling a major investment.
SMBC’s $5 Billion Investment Plan
SBI, holding a 23.99% stake, considers reducing its share as part of the deal.
SBI’s Role in the Deal
Investors face legal challenges related to Yes Bank’s AT-1 bonds and await clarity on the deal.
Legal and Strategic Challenges