Essayer OR - Gratuit
'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,
-
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?
Cette histoire est tirée de l'édition July 24, 2025 de Financial Express Kochi.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Financial Express Kochi
Financial Express Kochi
IOC Q3 net jumps over fourfold to ₹12,126 cr
STATE-RUN REFINER INDIAN Oil Corporation on Thursday reported a more than fourfold jump in its standalone net profit for the December quarter, driven by a sharp improvement in refining and marketing margins and higher fuel sales, even as its petrochemicals business continued to remain under pressure.
1 min
February 06, 2026
Financial Express Kochi
‘Our capex for FY27 will be around ₹25,000 crore’
Tata Power posted a 25% yo-y drop in net profit to ₹772 crore in Q3FY26 and its revenues fell 9.4% yo-y to ₹13, 948 crore.
1 mins
February 06, 2026
Financial Express Kochi
Drug trials with non-animal testing can cut costs by 90%
A SHIFT TOWARDS non-animal methods (NAMs) can significantly reduce the timelines and costs associated with drug development, said a multi-stakeholder report released on Thursday.
1 min
February 06, 2026
Financial Express Kochi
Heavy industry to gain from carbon capture push
INDIA HAS PLACED one of its biggest industrial climate bets yet committing ¥20,000 crore over the next five years to scale up carbon capture, utilisation and storage (CCUS) — signalling a decisive shift from climate pledges to capital-backed execution in sectors that drive both growth and emissions.
2 mins
February 06, 2026
Financial Express Kochi
‘WORLD MOVING TO NEW GLOBAL ORDER’ World confident of stability after trade deals with EU, US: PM
INDIA REACHING
2 mins
February 06, 2026
Financial Express Kochi
Fitch revises Axis Bank outlook to positive
FITCH RATINGS ON Thursday revised the outlook on Axis Bank’s long-term issuer default rating (IDR) to ‘positive’ from ‘stable’, and affirmed the IDRat ‘BB+’.
1 min
February 06, 2026
Financial Express Kochi
PhysicsWallah net profit jumps 33%
LISTED EDTECH MAJOR PhysicsWallah reported a 34% year-on-year increase in revenue from operations to ₹1,082.4 crore for Q3FY26.
1 min
February 06, 2026
Financial Express Kochi
Centre widens startup definition to include deeptech; turnover limit up
THE GOVERNMENT HAS expanded the scope of the Startup India programme by formally recognising deep technology companies as a distinct category, while also easing eligibility norms for the broader startup ecosystem by raising the turnover threshold.
1 min
February 06, 2026
Financial Express Kochi
PVR Inox profit rises 166% on festive boost
PVR INOX SAW its consolidated net profit rise 1.6 times to nearly %96 crore in the
1 min
February 06, 2026
Financial Express Kochi
‘We will deliver sustained growth next year also’
Godrej Properties saw a 20% yo-y jump in profit in Q3FY26 at ₹195 crore and its revenues fell 49% to ₹498 crore.
1 mins
February 06, 2026
Listen
Translate
Change font size