SMBC to get a 20% share in the Yes Bank of India

Sumitomo Mitsui Banking Corporation (SMBC), Sumitomo Mitsui Financial Group (SMFG), this in the private sector in the private sector, agreed to receive a 20% shareholder.

Approximately RS134.8bn (1.57 mlgek), regulatory approval, including the regulation confirmation since the India and India Competition Commission.

Operation, Indian State Bank (SBI) State Bank (SBI) is a secondary bank and other bank shareholders, including Axis Bank, Federal Bank, HDFC Bank, ICCIB Bank, IDFC First Bank and Kotak Mahindra Bank.

SMFG Group CEO and President Toru Nakashima said: “India represents the main market for us and see the great long-term potential in the dynamic and rapidly growing economy.

“We invested in an Indian bank that demonstrates the improvement of an Indian bank and earnings that leads to a visuallyheld bank, a visuallyheld.”

Yes, the Bank, the sixth largest private sector commercial bank in India, along with digital existence, said there are more than 1,200 branches.

Yes, Yes, the Bank’s SMBC is expected to be “capital method of capital” and celebrate the largest border investment in Indian banking.

Yes, the head of the Bank of Directors and CEO Prashant Kumar said: “As a basic step in the next stage of investment growth, as a global financial partner, a global financial partner, global expertise and high management standards.

“This investment, transformation is a strong approval of our journey and future potential. In the past few years, our growth has been formed with the strong partnership and free support of the SBI.”

Yes, Bank, Citigroup has provided reliable financial advice from global markets and lawsuits and partners.

SMBC’s financial advisers were legal advice in JP Morgan and Jefferies, J. Sagar Associates and Anderson Mori & Tomotsune, Japanese law aspects.

Meanwhile, Indian government in February this year started the process To reduce the share of certain public sector banks (PSBs) and listed as part of the financial sector reforms (PFI).

“SMBC, India’s Yes to Buy 20% Pay” was originally created and published Retail Banker InternationalA global brand.

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