Yes Bank shares sink nearly 5% after Japan's SMBC denies buying more shares
The Economic Times·2025-10-17 09:51
A senior SMBC executive told Reuters on Friday that the bank is focused on contributing to Yes Bank’s board as its largest shareholder and does not intend to take on an executive role in the lender.In his first interview since the deal concluded in September, Rajeev Kannan, group executive officer and head of SMBC Group’s India division, said: “We are not actively looking at increasing our stake in Yes Bank beyond the regulatory permissible limit of 24.99%. There are many areas which Yes Bank still needs t ...