Vuélvete ilimitado con Magzter GOLD
Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo
Intentar ORO - Gratis
Will double balance-sheet, profit in next 5 years: Yes Bank CEO
The New Indian Express Tadepalligudem
|May 13, 2025
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.
Esta historia es de la edición May 13, 2025 de The New Indian Express Tadepalligudem.
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 The New Indian Express Tadepalligudem
The New Indian Express Tadepalligudem
Anti-drone systems at all civilian airports, shortly
THE Union Ministry of Home Affairs (MHA) and the Bureau of Civil Aviation Security (BCAS) at a joint meeting, held recently, have decided to deploy anti-drone systems at all major and minor civil airports in view of \"a possible warlike situation emerging in future,\" officials said on Sunday.
1 mins
November 24, 2025
The New Indian Express Tadepalligudem
AP girl helps India clinch victory with a solid knock of 42 runs
INDIA clinched the inaugural SBI Women’s T20 World Cup for the Blind, defeating Nepal by seven wickets in the final played at the P Saravanamuttu Stadium in Colombo, Sri Lanka, on Sunday.
1 min
November 24, 2025
The New Indian Express Tadepalligudem
AU team discovers mechanism that could impact Covid vaccine efficacy
A research team from Andhra University has identified a molecular process that may help the Coronavirus escape the antibodies produced by Covid-19 vaccines, raising concerns about long-term vaccine effectiveness.
1 mins
November 24, 2025
The New Indian Express Tadepalligudem
Chess WC: Sindarov and Wei Yi seal Candidates spots
UZBEKISTAN'S GM Javokhir Sindarov and GM Wei Yi of China will be facing off in the finals of the FIDE World Cup 2025 after they won their respective semifinals via the tiebreak and also confirmed their Candidates Spots on Sunday.
1 min
November 24, 2025
The New Indian Express Tadepalligudem
Once forgotten South Africa's man, Muthusamy keeps growing in stature
IT'S funny how these things work out in the end, eh?
2 mins
November 24, 2025
The New Indian Express Tadepalligudem
UGC to bring mentors to train teachers, colleges asked for nominations
TO set the ball rolling for the education ministry's National Mission for Mentoring (NMM) initiative, the University Grants Commission (UGC) has asked all Higher Educational Institutions (HEIs) to nominate teaching faculty so that they can be onboarded as national mentors for school teachers.
1 min
November 24, 2025
The New Indian Express Tadepalligudem
LOVE BEYOND TRIALS
TOMORROW is Vivah Panchami, the wedding anniversary of Sri Rama and Sita Devi.
4 mins
November 24, 2025
The New Indian Express Tadepalligudem
KNOWING BEHAVIOURAL BIASES IN MF INVESTING
EVERY tenth rupee invested in the Indian equity markets belongs to a mutual fund investor. Cumulatively, the collective wealth of all mutual fund investors exceeds $500 billion, or ₹43,00,000 crore. That may sound like some serious wealth for Indians.
2 mins
November 24, 2025
The New Indian Express Tadepalligudem
The missing half of Viksit Bharat: A case for labour codes as growth strategy
OR India to become a $30 trillion economy by 2047, increasing women's workforce participation is imperative. Female labour force participation stands at 41.7%, and Viksit Bharat aims to raise this to 70%. Bridging this 30-point gap, atits core, is about unlocking national productivity and ensuring India's growth story is shaped by all, not just half. Despite gains in education, digital access, and entrepreneurship, much potential remains untapped. India must build a labour ecosystem that enables women to enter, remain, and advance, and the implementation of India's unified labour codes presents a rare opportu-
3 mins
November 24, 2025
The New Indian Express Tadepalligudem
Lakshya ends title drought in Sydney
AT long last, Indian shuttler Lakshya Sen ended up on the winning side as he captured the Australian Open, his first title of the season.
1 min
November 24, 2025
Listen
Translate
Change font size