Banks led by SBI to sell their stake in YES Bank to Sumitomo Mitsui Banking Corporation; report
Investor-Banks led by State Bank of India (SBI) seem to have finally zeroed in on an investor to sell their investment in YES Bank (YBL). Japanese financial conglomerate Sumitomo Mitsui Banking Corporation (SMBC) has emerged as the successful bidder to buy the banks’ 33.71 per cent shareholding in India’s sixth largest private sector bank, according