Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
SMBC gets nod to raise Yes Bank stake to 24.99%
The New Indian Express Thiruvananthapuram
|August 24, 2025
The Reserve Bank of India (RBI) has granted in-principle approval to Japanese financial major Sumitomo Mitsui Banking Corporation (SMBC) to acquire an additional 4.99% stake in Yes Bank, taking its total holding to 24.99%.
SMBC had in May agreed to pick up 20% in the private lender for ₹13,483 crore at ₹21.5 per share. With the latest approval, it can increase its stake but will not be classified as a promoter despite holding nearly a quarter of the bank. The Japanese bank will, however, enjoy full voting rights on its 24.99% equity.
This story is from the August 24, 2025 edition of The New Indian Express Thiruvananthapuram.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The New Indian Express Thiruvananthapuram
The New Indian Express Thiruvananthapuram
FIFA blames fans for empty seats
FIFA on Friday blamed the empty seats during the World Cup match between South Korea and the Czech Republic in Guadalajara on fans who watched from the concourses.
1 min
June 14, 2026
The New Indian Express Thiruvananthapuram
Captain, poker player, TV pundit and Bosnia coach
SERGEJ Barbarez surveilled the scene in front of him.
1 mins
June 14, 2026
The New Indian Express Thiruvananthapuram
What is the Price of a Life in India?
A name becomes a number, a life becomes a statistic, as countless people disappear into India’s daily ledger of loss
5 mins
June 14, 2026
The New Indian Express Thiruvananthapuram
SCIENTIFIC CAPABILITIES AS STRATEGIC ASSETS
AS Prime Minister Narendra Modi completes a decade in office, it is an appropriate moment to reflect on a leadership journey that has sought to reshape India’s development trajectory and redefine its place in the world.
3 mins
June 14, 2026
The New Indian Express Thiruvananthapuram
EVOLVING SYMBOLISM OF POWER DRESSING
LAWYERS sport it. Corporate executives flaunt it. Even callow job aspirants wear it. But when a newly-minted chief minister shows up in one in Tamil Nadu, it can raise eyebrows.
3 mins
June 14, 2026
The New Indian Express Thiruvananthapuram
Anthropic asked to disable Fable 5, Mythos 5 outside US
DAYS after Anthropic released its Fable 5 and Mythos 5 artificial intelligence models, the US government has ordered to suspend access to these models outside the country.
1 mins
June 14, 2026
The New Indian Express Thiruvananthapuram
Japan vs US: Tale of 2 interest rates
With Japan being the top investor, BoJ rate hike may trigger massive sale of US govt bonds
3 mins
June 14, 2026
The New Indian Express Thiruvananthapuram
Blue wave from tiny Curacao is making history
THERE won't be millions of people from Curacao cheering on their national team in the World Cup, because Curacao doesn’t have millions of people.
1 min
June 14, 2026
The New Indian Express Thiruvananthapuram
Assam tightens Aadhaar norms to check influx: CM
Divyang, SC, ST and tea garden communities kept out of ambit
1 mins
June 14, 2026
The New Indian Express Thiruvananthapuram
Rack storage to grow into ₹27k cr industry by '30
INDIA'S vertical storage industry, also known as rack storage solutions, is expected to nearly double in size to around 27,000 crore by 2030, driven by rising demand from manufacturers for storage facilities located close to production units and supported by government initiatives such as PM Gati Shakti and the development of multimodal logistics parks.
1 mins
June 14, 2026
Listen
Translate
Change font size