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Will double balance-sheet, profit in next 5 years: Yes Bank CEO
May 13, 2025
|The New Indian Express Villupuram
AFTER years-long effort, Yes Bank has finally found an investor with Japanese financial powerhouse Sumitomo Mitsui Banking Corp (SMBC) buying 20% share in the bank.
The Japanese bank last Friday became the single largest shareholder with the acquisition of 20% stake for ₹13,483 crore or ₹21.5 per share, through a secondary stake purchase. SBI has sold 13.19% of its 23.97% holding with 115% gains on its investment made in March 2020, and other banks Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank and Kotak Mahindra Bank together selling 6.81% stake at ₹21.5 per share.
In an interview to TNIE, CEO Prashant Kumar tells that this investment, which is the single-largest foreign direct investment to date in the banking space, marks a pivotal step in the next phase of growth.
هذه القصة من طبعة May 13, 2025 من The New Indian Express Villupuram.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Villupuram
The New Indian Express Villupuram
S’pore submits Zubeen’s autopsy, toxicology reports
THE Assam Police have received crucial postmortem and toxicology reports of music icon Zubeen Garg from Singapore authorities.
1 min
November 02, 2025
The New Indian Express Villupuram
Connect Before You Correct
Facts rarely change minds; warmth does. Connection disarms defensiveness, turning resistance into willingness to learn
4 mins
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EC ORDERS TRANSFER OF PATNA SP OVER MOKAMA VIOLENCE
THE Election Commission of India (ECI) on Saturday ordered the transfer of Patna Superintendent of Police (Rural) Vikram Sihag and disciplinary action against three other officials, two days after a violent clash between supporters of the JD(U) candidate Anant Singh and those of Jan Suraaj Party, including gangster-turned-politician Dular Chand Yadav in Mokama, leaving the latter dead.
1 min
November 02, 2025
The New Indian Express Villupuram
Share of women still low in global peace ops
A quarter century after the UN Security Council first linked gender equality to peace and security, women still make up less than one in ten soldiers and fewer than one in three civilian staff in multilateral peace operations.
2 mins
November 02, 2025
The New Indian Express Villupuram
A Dam Good Weekend
Punekars have a new getaway, and it's not Goa or Karjat, but quiet waters just outside the city
2 mins
November 02, 2025
The New Indian Express Villupuram
TRUMP’S ASIA BLITZ TARGETS INDIA
POWER & POLITICS
5 mins
November 02, 2025
The New Indian Express Villupuram
... Cong targets ‘corruption’ in civic bodies
GUJARAT Congress has launched a scathing attack on the BJP government, alleging massive corruption across municipalities.
1 min
November 02, 2025
The New Indian Express Villupuram
When the Forest Stares Back
A nocturnal trail in Sri Lanka's Sigiriya shows how humans can coexist with wildlife
2 mins
November 02, 2025
The New Indian Express Villupuram
Everyone Preaches Justice, No One Lives It
Everybody has their own version of hell.
2 mins
November 02, 2025
The New Indian Express Villupuram
30 countries to join major maritime info sharing workshop in Haryana
AMID the growing importance of global maritime security, Gurugram will next week host the world's leading maritime experts for the Maritime Information Sharing Workshop (MISW) 2025, the Indian Navy's flagship event organised by the Information Fusion Centre, Indian Ocean Region (IFC-IOR).
1 mins
November 02, 2025
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