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Sumitomo Mitsui Bank seeks India approval to acquire stake in Yes Bank

By Freny Patel ( June 25, 2025, 06:50 GMT | Insight) -- Japan’s Sumitomo Mitsui Banking Corporation, or SMBC, is seeking Indian approval to acquire a stake in Yes Bank. The parties told the Competition Commission of India that the proposed transaction would not give rise to any competition concerns despite their overlapping business activities.Japan’s Sumitomo Mitsui Banking Corporation, or SMBC, is seeking Indian approval to acquire a stake in Yes Bank, a domestic private sector bank....

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