TaxTMI 
TaxTMI 
CCI approves acquisition of certain share capital and voting rights of YES Bank by Sumitomo Mitsui Banking Corporation
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....CI approves acquisition of certain share capital and voting rights of YES Bank by Sumitomo Mitsui Banking Corporation<BR>FEMA & RBI<BR>Dated:- 3-9-2025<BR><BR>The Competition Commission of India has a....
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....pproved the acquisition of certain share capital and voting rights of YES Bank by Sumitomo Mitsui Banking Corporation. The proposed combination relates to the acquisition of share capital and votingr....
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....ights of YES Bank by Sumitomo Mitsui Banking Corporation (SMBC). SMBC, a Japan-based commercial bank, is a wholly-owned subsidiary and a core operating entity of Sumitomo Mitsui Financial Group. SMBC....
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.... is a foreign bank in India, with branches in New Delhi, Mumbai, Chennai and an offshore branch in GIFT City, Gandhinagar. SMBC provides a range of banking services, such as provision of loans, accept....
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....ing deposits and provision of letters of credit in India. YES Bank, a public listed company, is a private sector bank engaged in providing a range of banking and financial services. It is a full-serv....
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....ice bank offering a wide array of products, services and technology-driven digital offerings, catering to retail, Micro Small and Medium Enterprises as well as corporate clients. Detailed order of th....
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....e Commission will follow.<BR> News - Press release - PIB....