
Sumitomo Mitsui Doubles Down On India With Plan To Buy Stake In Yes Bank For $1.6 Billion
A customer exits a Yes Bank Ltd. branch in Mumbai, India, on Tuesday, April 30, 2018. © 2019 Bloomberg Finance LP Tokyo-based Sumitomo Mitsui Banking Corp. (SMBC) has agreed to buy a 20% stake in India’s Yes Bank for 135 billion rupees ($1.6 billion) as …