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Yes Bank eyes wealth foray after striking SMBC deal
Financial Express Mumbai
|September 20, 2025
PRIVATE SECTOR LENDER Yes Bank is exploring entering the fiercely competitive $1trillion wealth management space following its strategic partnership with Japan’s Sumitomo Mitsui Banking Corp.
“Wealth is an area we’re seriously considering,” Yes Bank’s chief executive officer Prashant Kumar told Bloomberg News. “SMBC’s backing gives us the confidence to explore this space.”
The push into wealth management comes as the Indian lender deepens its ties with SMBC, Japan’s second-largest lender by assets, which completed its acquisition of a 20% stake in Yes Bank this week.
Dit verhaal komt uit de September 20, 2025-editie van Financial Express Mumbai.
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