Sumitomo Mitsui Banking Corporation completed the acquisition of a 20% stake in Yes Bank for $1.58bn.

Sumitomo Mitsui Banking Corporation, a major Japanese multinational banking and financial services institution, completed the acquisition of a 20% stake in Yes Bank, a private commercial bank in India, for $1.58bn. Through the investments, SMBC Group will further strengthen its presence in India and will contribute to the sustainable and long-term growth of YES BANK.