SMBC rumored to be nearing Yes Bank stake deal
Japanese banking giant Sumitomo Mitsui Banking Corp (SMBC) is rumored to be back on the table for acquiring a significant stake in Yes bank (YB). (Deal talks with Mitsubishi UFJ Financial Group (MUFG), another Japanese player, and SMBC did not fructify last year, as both financial majors were seeking dispensation on the voting right limits) … Read more