Japanese Bank Eyes Major Stake in Yes Bank

By: Pocketful

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