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Will double balance-sheet, profit in next 5 years: Yes Bank CEO
The New Indian Express Shivamogga
|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.
Denne historien er fra May 13, 2025-utgaven av The New Indian Express Shivamogga.
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FLERE HISTORIER FRA The New Indian Express Shivamogga
The New Indian Express Shivamogga
STRENGTHENING INDIA'S WASTE MANAGEMENT
INDIA'S waste management journey over the past decade has been one of visible progress.
3 mins
May 23, 2026
The New Indian Express Shivamogga
Buzz of early poll in UP after BJP's grand show in Bengal and Assam
AFTER assembly elections wrapped up in five states, there is growing talk among politicians in the state capital about moving the Uttar Pradesh Assembly elections forward by a few weeks.
1 mins
May 23, 2026
The New Indian Express Shivamogga
India, Cyprus form counter-terror working group, defence roadmap
INDIA and Cyprus on Friday elevated their bilateral ties to a strategic partnership and unveiled a five-year roadmap for defence cooperation, signalling a major expansion of ties in security, connectivity and trade amid growing geopolitical churn and India’s deepening engagement with Europe.
1 mins
May 23, 2026
The New Indian Express Shivamogga
Govt agrees for constitutional safeguards for Ladakh region
THE fresh round of talks between officials of the Union Ministry of Home Affairs (MHA) and the civil society groups of Ladakh on Friday ended on a positive note with the two sides arriving at an in-principle understanding on restoring democracy in the Union Territory and providing constitutional safeguards on the lines of Articles 371A, 371F and 371G, as applied to Nagaland, Sikkim and Mizoram.
2 mins
May 23, 2026
The New Indian Express Shivamogga
Come June 18, NDA & Oppn fight for 26 RS seats
THE Opposition is set to gain three seats, while the ruling NDA is expected to maintain its current strength in the biennial elections for 26 Rajya Sabha seats across 10 states and bypolls to two seats in Maharashtra and Tamil Nadu scheduled for June 18.
2 mins
May 23, 2026
The New Indian Express Shivamogga
1 held from Pathankot for spying for Pak handlers
THE Punjab Police has arrested a Pathankot resident, Baljit Singh, on charges of spying for Pakistan-based handlers.
1 min
May 23, 2026
The New Indian Express Shivamogga
Suvendu calls on Prez and Rajnath in Delhi, will firm up cabinet after Shah meet
WEST Bengal Chief Minister Suvendu Adhikari, who arrived in Delhi for the first time after assuming office, on Friday said that the people residing illegally across his state would be identified and deported through the BSF to the countries from where they had allegedly infiltrated in the past.
1 min
May 23, 2026
The New Indian Express Shivamogga
ONE CODE TO DISCIPLINE THEM ALL
THE proposed Securities Markets Code consolidates the three existing laws into a single legislative framework.
3 mins
May 23, 2026
The New Indian Express Shivamogga
1 from Bihar in ATS net on charges of espionage
THE Anti-Terrorism Squad (ATS) of the Bihar police on Friday arrested a suspected operative of a Pakistan-based arms dealer from Muzaffarpur in north Bihar.
1 min
May 23, 2026
The New Indian Express Shivamogga
LET LAW TAKE ITS COURSE IN TELANGANA POCSO CASE
ALLEGATIONS of sexual offences involving minors cannot be allowed to dissolve into partisan spectacle.
1 mins
May 23, 2026
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