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Yes Bank stock falls 4% as SMBC rules out raising hike
October 18, 2025
|Financial Express Lucknow
YES BANK'S STOCK fell nearly 4% on Friday after Sumitomo Mitsui Banking Corporation (SMBC) ruled out increasing the group's stake in the bank beyond 24.99%.
Rajeev Kannan, group executive officer and head of SMBC Group's India division, told Reuters in an interview that the bank is focused on contributing to Yes Bank's growth as its largest shareholder and board member, and does not intend to take on an executive role in the lender. "We are not
هذه القصة من طبعة October 18, 2025 من Financial Express Lucknow.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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Ex-Murugappa Group chairman A Vellayan dies
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Groww market cap tops ₹1 lakh crore
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Trade deficit hits record high in Oct on gold rush
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OMCs ink first major LPG import deal with US
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