Intentar ORO - Gratis
'Yes Bank bets on SMBC to boost rating, margins'
Financial Express Ahmedabad
|July 24, 2025
Sumitomo Mitsui Banking Corporation's acquisition of a 20% stake in Yes Bank, the largest cross-border investment in India's banking sector, marks the final chapter in the bank's reconstruction,
-
managing director and CEO Prashant Kumar tells Kshipra Petkar in an interview. Excerpts:
Your views on the tenure at Yes Bank?
I think we were given the responsibility to completely come out from the reconstruction part, bring the bank back to normal. The only thing which was left from this perspective was having a long-term strategic investor. With SMBC coming, that concern has been addressed. I think this is something which was immediately needed.
Are there any talks of SMBC increasing its stake?
We don't know. It depends on them.
What's the impact on the bank's rating and business opportunities?
Esta historia es de la edición July 24, 2025 de Financial Express Ahmedabad.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Financial Express Ahmedabad
Financial Express Ahmedabad
A camera just for vlogging delight
With new launches, content creators can look forward to advanced tools
3 mins
January 11, 2026
Financial Express Ahmedabad
Sebi nod to NSE IPO by month-end
THE SECURITIES AND Exchange Board of India (Sebi) is likely to issue by the end of this month a no-objection certificate (NoC) for the National Stock Exchange's (NSE) proposed public issue, bringing the much-anticipated IPO closer to reality.
1 min
January 11, 2026
Financial Express Ahmedabad
Tradition with a twist
Piyush Mohnani, marketing head of fashion brand Asuka Couture.
3 mins
January 11, 2026
Financial Express Ahmedabad
A new sheriff in town
TWO HUNDRED YEARS after the Monroe Doctrine was declared by the 5th President of the United States, and despite the widespread doubt about its power and efficacy, the doctrine was invoked by the 47th President of the United States.
3 mins
January 11, 2026
Financial Express Ahmedabad
DIY URBANISM
How residents are cleaning, greening and reclaiming their cities, one filthy river, dumping ground, or neglected corner at a time
3 mins
January 11, 2026
Financial Express Ahmedabad
The role of language in shaping identity
China’s new gender-neutral pronoun is part of a global linguistic shift
3 mins
January 11, 2026
Financial Express Ahmedabad
Tracing the stars with songlines
A pulsing and spatial Australian ethnic narrative arrives in the national capital
3 mins
January 11, 2026
Financial Express Ahmedabad
Scientists find oldest poison residues on 60,000-year-old arrows
The poison hints at how far back in history humans have been using it for survival
2 mins
January 11, 2026
Financial Express Ahmedabad
Moroccan cave fossils yield a missing link in human origins
The new finding has a potential to revise theories on early human evolution
4 mins
January 11, 2026
Financial Express Ahmedabad
Lemon Tree bifurcates businesses
LEMON TREE HOTELS on Saturday announced a reorganisation, leading to bifurcation of its businesses under two different entities.
1 min
January 11, 2026
Listen
Translate
Change font size