Versuchen GOLD - Frei
SMBC gets RBI approval for wholly owned arm
Financial Express Bengaluru
|January 15, 2026
Stage set for a potential integration with Yes Bank
THE RESERVE BANK of India (RBI) on Wednesday granted an in-principle approval to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) to establish a wholly owned subsidiary (WOS) in India.
With this approval, SMBC is set to become only the third foreign bank to receive a WOS licence in India, after State Bank of Mauritius and DBS Bank — the latter having merged with Lakshmi Vilas Bank (LVB) in 2020, leading to LVB’s dissolution as a standalone entity.
“The Reserve Bank of India (RBI) has decided to grant ‘in-principle’ approval to Sumitomo Mitsui Banking Corporation (SMBC), Japan for setting up a Wholly Owned Subsidiary (WOS) in India, under the Reserve Bank of India (Setting Up of Wholly Owned Subsidiaries by Foreign Banks) Guidelines, 2025,” the central bank said.
Diese Geschichte stammt aus der January 15, 2026-Ausgabe von Financial Express Bengaluru.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Financial Express Bengaluru
Financial Express Bengaluru
After bird-poop complaints, monkey spotted at India Open badminton
A DAY AFTER a Danish player complained of bird-poop littering around the venue, a monkey sighting was reported at the Indira Gandhi Sports Complex hosting the India Open badminton Super 750 tournament.
2 mins
January 15, 2026
Financial Express Bengaluru
From passive surveillance to real-time intelligence
AI IS MAKING SURVEILLANCE CAMERAS PROACTIVE, PRECISE AND POWERFUL
1 mins
January 15, 2026
Financial Express Bengaluru
Bajaj Auto rolls out e-Chetak at ₹91,399
BAJAJ AUTO HAS launched an electric scooter, the Chetak C25, targeting the younger demographic at a price of %91,399.
1 min
January 15, 2026
Financial Express Bengaluru
HDFC AMC Q3 profit grows 20% to ₹770 crore
Revenues for the nine-month period rose 18% to ₹3,068 cr from ₹2,597 cr
1 min
January 15, 2026
Financial Express Bengaluru
China trade surplus hits record $1.2 trn in 2025
6.6% GAIN IN DECEMBER THE QUICKEST IN THREE MONTHS
1 mins
January 15, 2026
Financial Express Bengaluru
Younger borrowers drive new credit growth: Report
Borrowers aged below 30 years more likely to default on a loan
2 mins
January 15, 2026
Financial Express Bengaluru
Auto gears sector posts 6.8% growth in H1FY26
THE DOMESTIC AUTO component industry grew 6.8% year-on-year to $41.2 billion during the April-September period of FY26, according to industry body Automotive Component Manufacturers Association of India (ACMA).
1 mins
January 15, 2026
Financial Express Bengaluru
Credit growth rises to 18-mth high of 14.5%
THE CREDIT GROWTH touched an 18-month high of 14.5% on year for the fortnight ended December 31, according to the data released by the Reserve Bank of India on Wednesday.
1 min
January 15, 2026
Financial Express Bengaluru
Union Bank beats estimates, profit rises to ₹5,017 crore
80% decline in provisions boosts numbers
2 mins
January 15, 2026
Financial Express Bengaluru
ICICI Prudential AMC posts 45% rise in PAT at ₹917 cr
ICICI PRUDENTIAL ASSET Management Company on Wednesday reported a 45% year-on-year jump in its profit after tax (PAT) at ₹917 crore for the quarter ended December, helped by robust domestic capital inflows in its first earnings since going public last month.
1 min
January 15, 2026
Listen
Translate
Change font size