Emirates NBD eyes majority stake in RBL Bank

IN MAY, HOWEVER, the RBI made an exception to allow Japan's Sumitomo Mitsui Banking Corp (SMBC) to buy a 20% stake in Yes Bank. SMBC agreed to acquire a further 4.2% stake in September. Earlier too, the central bank allowed the struggling Lakshmi Vilas Bank and forced its merger with the local subsidiary of Singapore’s largest lender DBS Bank.

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In 2018, Prem Watsa’s Fairfa