Sumitomo Mitsui Financial to Acquire Stake in Indian Bank
Sumitomo Mitsui Financial to Acquire Stake in Indian Bank
Tokyo, May 10 (Jiji Press)--Sumitomo Mitsui Banking Corp. will spend 134.8 billion Indian rupees to acquire a 20 pct stake in Yes Bank, an Indian commercial bank, Sumitomo Mitsui Financial Group Inc., the parent of the Japanese bank, said Friday. The Japanese bank will send two executives to sit on Yes Bank's board of directors. Yes Bank, founded in 2003 and based in Mumbai, is the six-la...
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