Sumitomo Mitsui Financial Group’s potential acquisition of a 20% stake in Yes Bank could reshape foreign investment in Indian private banks, potentially leading to greater foreign participation. Fitch Ratings suggests the deal, pending RBI approval, might set a precedent for similar transactions, as current regulations limit foreign investors’ voting rights and direct investments. Post navigation Salesforce to acquire Informatica for $8 billion in AI-focused data push Japan loses position as world’s largest creditor nation as Germany claims title after 34 years
