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'Yes Bank bets on SMBC to boost rating, margins'
Financial Express Kochi
|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,
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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?
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