Sumitomo Mitsui Financial Group is the largest strategic shareholder of Yes Bank, a partnership aimed at expanding credit access under India's financial inclusion agenda.
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What happened
Sumitomo Mitsui Financial Group is the largest strategic shareholder of Yes Bank, a partnership aimed at expanding credit access under India's financial inclusion agenda.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Supreme Court rules on Yes Bank's bond write-off, while Sumitomo Mitsui holds a 24.9% stake.1 source
- Yes Bank received a credit rating upgrade and expected support from its largest shareholder, Sumitomo Mitsui Financial Group.Sub-event
Rating agencies have upgraded the credit rating for infrastructure bonds and assigned issuer credit ratings to Yes Bank, noting ongoing support.1 source
- Strategic partnership announced between Yes Bank and Northern Arc Capital Ltd to expand credit access. The bank is also under investigation regarding alleged fraudulent loan assignments.Sub-event
SMBC becomes largest strategic shareholder of Yes Bank, supporting India's financial inclusion goals.1 source
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The entities involved
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Yes Bank
Indian private sector bank
Nothing else this week.
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Sumitomo Mitsui Financial Group
Japanese bank
- India