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  • Income Tax Update: Finance Ministry opens Capital Gains Account Scheme to 19 private banks; check full list

    However, the restriction on rural branches continues, meaning only branches in areas with a population above 10,000 (as per the 2011 Census) can offer the scheme.

  • SMBC open to bigger Yes Bank stake; plans for India unit under consideration: Report

    The Japanese financial institution is the largest shareholder in Yes Bank after it acquired 24.99 percent stake in the domestic lender in September this year

  • Yes Bank stake sale yielded 14% IRR, no compulsion to hold or sell remaining shares: SBI chairman CS Setty

    According to Setty, SBI’s primary intent in participating in the reconstruction plan was not profit-making but supporting financial stability at a crucial time.

  • RBL and Yes Bank: How India’s two largest banking sector deals happened

    The Yes Bank-SMBC and RBL-Emirates NBD deals have opened doors for more such deals to happen in Indian banking ecosystem

  • Yes Bank sees ratings upgrades from SMBC stake buy, eyes double-digit loan growth this year, says CEO

    Yes Bank expects that the strategic investment by Japan's SMBC will help credit ratings upgrades, bring down funding costs and support profitability.

  • Stocks to Watch Today: Reliance Ind, RBL Bank, IRB Infra, ICICI Bank, HDFC Bank, IRCON, Sterling & Wilson, RVNL, UltraTech, IDBI, Sobha in focus on 20 October

    Stocks to Watch, 20 October: Stocks like Reliance Industries, HDFC Bank, ICICI Bank, UltraTech Cement, IndusInd Bank, Punjab National Bank, IDBI Bank, RBL Bank, Yes Bank, Federal Bank, Bank Of India, L&T Technology Services, Sobha, Dixon Technologies, Havells India, nad JSW Energy will be in focus on October 20.

  • SMBC stake remarks unrelated to Yes Bank’s operational priorities, says CEO Prashant Kumar

    SMBC has stated that they will not increase their stake, and they are under no obligation to do so beyond 24.99 percent, says CEO Prashant Kumar.

  • Yes Bank Q2 net profit jumps 18% YoY to Rs 654 crore, asset quality stable

    Yes Bank Q2 FY26 results: Asset quality remained broadly stable, but provisions rose, indicating higher provisioning requirements even as slippages remained contained.

  • Yes Bank shares fall over 4% as SMBC rules out increasing stake in lender beyond current level

    Rajeev Kannan, group executive officer and head of SMBC Group's India division, said the bank is focused on contributing to Yes Bank's board as its largest shareholder and does not intend to take on an executive role in the lender

  • IndusInd Bank hires former Yes Bank executive Pankaj Sharma as head of business transformation

    Pankaj Sharma is seen as taking over from Anil Rao, the current head of operations at IndusInd Bank. Anil Rao is set to superannuate in a few weeks and may not to seek an extended tenure.

  • Stocks to Watch Today: HDFC Bank, Bajaj Finance, IndusInd, Aditya Birla Lifestyle, Lupin, Infosys, Ceigall India, Sobha, Kotak Bank in focus on 06 October

    Stocks to Watch, 06 October: Stocks like HDFC Bank, Bajaj Finance, IndusInd Bank, Aditya Birla Lifestyle Brands, Lupin, Infosys, Ceigall India, Sobha, Kotak Mahindra Bank, Pace Digitek, Yes Bank, Ujjivan Small Finance Bank, and Canara Bank will be in focus on October 06.

  • Back from the brink, Yes Bank says SMBC stake buy creates room for rating upgrade

    In March 2020, weeks before the onset of the Covid crisis, the RBI and government staged a rescue act which saw banks led by SBI taking a 79 per cent stake in Yes Bank and helping it stay afloat.

  • Yes Bank eyes wealth foray after deal with Japan’s SMBC

    The push into wealth management comes as the Indian lender deepens its ties with SMBC, Japan’s second-largest lender by assets, which completed its acquisition of a 20% stake in Yes Bank this week

  • Vault Matters | Can a Sumo wrestler play kabaddi? That’s SMBC’s real challenge with Yes Bank

    There have always been a lot of apprehensions on what incremental value add a foreign bank can bring to India, more so with the exit of biggies such as Citi and Deutsche from India’s retail terrain. Can Sumitomo Mitsui Banking Corporation help find an answer?

  • Japan's SMBC completes 20% stake acquisition in Yes Bank; becomes largest shareholder

    The private sector bank stated its intention to leverage SMBC’s global strengths, particularly in facilitating trade and investment flows between Japan and India, to accelerate growth in its corporate banking, treasury services, and cross-border solutions

  • Stocks to Watch Today: Cohance Lifesciences, Indosolar, Biocon, Cochin Shipyard, Dixon Technologies, Gujarat Fluorochem, Airfloa in focus on 18 September

    Stocks to Watch, 18 September: Stocks like Cochin Shipyard, Dixon Technologies, Cohance Lifesciences, Indosolar, Biocon Gujarat Fluorochemicals, Airfloa Rail Technology, BR Goyal Infrastructure, Aavas Financiers, Federal Bank, Yes Bank, and Bandhan Bank will be in focus on September 18.

  • Bandhan Bank, Federal Bank together sell Yes Bank shares worth Rs 688 crore to SMBC

    In exchange filings released in the post market hours of September 17, the two private lenders announced that they sold the shares of Yes Bank at a consideration of Rs 21.50 apiece.

  • SMBC to buy additional 4.2% stake in Yes Bank from Carlyle affiliate

    SMFG will acquire Yes Bank’s stake from Carlyle for $349 mn

  • SBI shares gain 3% as PSU lender completes 13.18% Yes Bank stake sale for Rs 8,889 cr to SMBC

    SBI share price: SBI shares were trading at around Rs 843 apiece, extending gains for the third consecutive session.

  • Yes Bank-DHFL case: Special court refuses to discharge businessman Satyan Tandon

    As per the CBI, Yes Bank, led by its then CEO Rana Kapoor, extended loans of over Rs 3,700 crore to DHFL controlled by Kapil and Dheeraj Wadhawan in exchange for pecuniary benefit.

  • SMBC to seek promoter tag in Yes Bank after primary capital infusion

    According to sources, Yes Bank is expected to roll out a plan to raise equity by December this year. SMBC may infuse around Rs 4,000 crore in the bank to increase its stake from 20 percent to 24.99 percent.

  • Yes Bank shares gain 2% as CCI clears Sumitomo Mitsui’s 25% stake acquisition

    Yes Bank share price: CCI approved Sumitomo Mitsui Banking Corporation’s plan to acquire up to 24.99 percent in the lender, paving the way for the Japanese banking major to become its largest shareholder.

  • Stocks to Watch Today: TCS, JSW Cement, Waaree Energies, PNC Infra, Adani Power, Yes Bank, E2E Networks, Vikran Engineering, TBO Tek in focus on 03 September

    Stocks to Watch, 03 September: Tata Consultancy Services, JSW Cement, Waaree Energies, PNC Infra, Adani Power, Yes Bank, E2E Networks, Vikran Engineering, TBO Tek, and Anlon Healthcare will be in focus on September 03.

  • Yes Bank shares jump 4% after report says SMBC set to infuse Rs 16,000 crore

    Yes Bank share price: The proposed infusion by the Japanese financial giant is aimed at strengthening Yes Bank's balance sheet, and is seen to be a precursor to SMBC taking an ownership position, ET reported

  • Yes Bank shares rise nearly 5% after Japan's SMBC gets RBI's nod to acquire up to 24.99% stake in lender

    The RBI has further clarified that pursuant to the said acquisition, SMBC would not be treated as a promoter of the bank

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