Private lender Yes Bank shares soared two percent in trade on Monday, May 12, after Japan’s Sumitomo Mitsui Banking Corporation (SMBC) agreed to acquire a 20 percent stake in Yes Bank ...

To have operational and management control, SMBC may nominate directors in key committees of the bank’s board ... and simplifying the economics of money. When not glued to banks, the world ...

Japan's Sumitomo Mitsui Banking Corp (SMBC) has entered into a definitive agreement on May 9, 2025 to acquire 20% stake in Yes Bank through a secondary stake purchase of 13.19% from SBI and 6.81% ...

when the central bank had taken control following a liquidity crisis. In the first phase, banks like Axis Bank, Kotak Mahindra Bank, and HDFC Bank are expected to partially offload shares to SMBC ...

India can capitalise on use America’s MAGA moment to promote MIGA, even cinema calls out POCSO misuse, US tariff uncertainty ...

A regional stock gauge dipped 0.4%, led by shares in Japan. Equity-index futures for the US and Europe retreated as the Wall ...

Yes Bank's board of directors are said to have initiated a formal search for a new chief executive officer for the lender, sources aware of the matter said. The board has engaged global recruitment ...

In Asia, China’s central bank asked its major lenders to raise the share of yuan when facilitating cross-border trade, in its ...

The International Monetary Fund (IMF), in its World Economic Outlook (WEO) report released in April, had said that India is ...

In terms of key levels, the zone of 24,950–25,000 will act as an immediate resistance for Nifty 50. A decisive close above 25 ...

Nightly drone patrols are conducted in Nanjing, China, to monitor areas like underground station exits and the riverside with ...

IMF has forecast India’s GDP in FY26 will surpass that of Japan, making it the fourth largest economy in the world. A ...