The Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation’s (SMBC) plan to acquire up to 24.99% stake in Yes Bank. This follows Yes Bank’s earlier announcement regarding SMBC’s intention to purchase a 20% holding. The RBI’s approval, valid for one year, is subject to certain conditions, including compliance with banking regulations and other applicable laws. Post navigation Google dialer: Why your android’s call settings have suddenly changed 3 get death for killing rickshaw puller over wife’s illicit affair; 2 get life, woman acquitted
