Sumitomo Mitsui Banking Corporation (SMBC) has reached an agreement with CA Basque Investments, an affiliate of the global investment firm The Carlyle Group, to increase its equity stake in YES Bank by an additional 4.2%. The agreement follows the completion of SMBC's initial acquisition of a 20% stake in the Indian private commercial bank. SMBC acquired this stake through a secondary purchase of shares from State Bank of India (SBI) and additional bank investors. The transaction for the additional stak ...