Current Affairs - Business - Discussion

Japan’s Sumitomo Mitsui Banking Corporation (SMBC) is reportedly negotiating to acquire a 51% controlling stake in Yes Bank, marking a significant foreign direct investment in the Indian banking sector. If finalised, this deal would involve SMBC acquiring a 25% stake from existing shareholders, including the State Bank of India (SBI), and launching an open offer for an additional 26%. This acquisition could potentially reshape Yes Bank’s ownership structure, reflecting growing global investor interest in the bank as it continues to recover from its financial crisis.