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SBI, 7 Lenders to Offload Yes Bank Stake to Japan's SMBC

Hindustan Times West UP

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May 10, 2025

State Bank of India (SBI) and seven other lenders on Friday announced selling 20% of their combined stakes in Yes Bank to Japan's Sumitomo Mitsui Banking Corporation (SMBC) for a consideration of ₹13,483 crore, making it the largest cross-border investment in the Indian banking sector.

- Press Trust of India

NEW DELHI:

Following completion of the transaction, SMBC will become the single largest shareholder of Mumbai-based Yes Bank.

Of the 20% stake, SBI would dilute 13.19% stake in Yes Bank in favour of SMBC for a consideration of ₹8,889 crore, while 6.81% shareholding will be offloaded by seven other lenders—Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank and Kotak Mahindra Bank—for about ₹4,594 crore.

Hindustan Times West UP'den DAHA FAZLA HİKAYE

Hindustan Times West UP

INDIA INDUSTRIAL OUTPUT GROWS BY 4% IN SEP, DRIVEN BY MFG SECTOR

Industrial activity, as measured by the Index of Industrial Production (IIP), grew at 4% in September. While technically a three-month low, the September IIP growth number is not very different from what it was in July and August at 4.3% and 4.1% respectively.

time to read

1 min

October 29, 2025

Hindustan Times West UP

Mediation clause can’t block urgent IPR suits, SC rules

When imitation masquerades as innovation, it sows confusion among consumers, taints the marketplace and diminishes faith in the sanctity of trade, the Supreme Court has underlined, ruling that courts cannot insist on pre-litigation mediation in intellectual property infringement cases where the injury is continuing and deception of the public is involved.

time to read

2 mins

October 29, 2025

Hindustan Times West UP

What ails the Bretton Woods institutions

The World Bank and IMF were rooted in the Washington Consensus, which foregrounded economics over politics. An ideological rethink and institutional makeover have become necessary

time to read

4 mins

October 29, 2025

Hindustan Times West UP

Whose America is it? In US, Indians face the heat

In the wake of Trump's H-1B visa crackdown, a troubling backlash against the Indian American community is gaining momentum. What began as anonymous grumbling online has now spilled into the open, with racist comments voiced publicly and unapologetically.

time to read

4 mins

October 29, 2025

Hindustan Times West UP

In Bihar, voters are not fixated on caste alone

Is caste the prism through which the 2025 Bihar assembly polls are to be interpreted?

time to read

3 mins

October 29, 2025

Hindustan Times West UP

Bihar’s caste plus politics

Parties across the political spectrum now prioritise governance and development in their campaigns over identity concerns

time to read

4 mins

October 29, 2025

Hindustan Times West UP

INDIA E-COMM EXPORTS TOP $20 BN DESPITE US TARIFFS: AMAZON

Amazon on Monday said it has helped Indian sellers surpass $20 billion in total exports, including nearly $7 billion this year, as small operators work to offset the impact of new US import tariffs that were imposed in August.

time to read

1 min

October 28, 2025

Hindustan Times West UP

A favourable FTA for giving up Russian oil

India must make a virtue out of necessity by proposing that it will comply with US sanctions in exchange for the latter addressing its key strategic interests

time to read

4 mins

October 28, 2025

Hindustan Times West UP

Hindustan Times West UP

SC allows govt to review Vodafone Idea AGR dues

In a major relief for Vodafone Idea (Vi), the Supreme Court on Monday allowed the Union government to review and reconsider the additional demand in adjusted gross revenue (AGR) dues against the financially distressed telecom operator, marking what could be a fresh breath of life for the beleaguered company struggling to stay afloat in India’s hyper-competitive telecom sector.

time to read

2 mins

October 28, 2025

Hindustan Times West UP

Jaishankar, Rubio hold talks on Asean sidelines

External affairs minister S Jaishankar on Monday held talks with his US counterpart Marco Rubio amid efforts by the two sides to reset bilateral ties that have come under severe strain over punitive US tariffs on Indian goods.

time to read

1 min

October 28, 2025

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