Yes Bank stake sale: State Bank of India (SBI) has offloaded around 13.18% of its holding in SMBC, part of the Sumitomo Mitsui Financial Group (SMFG), is counted among the top foreign banks in India. SMFG itself is Japan’s second-largest banking group, managing assets worth close to $2 trillion.Back in March 2020, SBI had stepped in as the biggest shareholder of Yes Bank after the government announced the Yes Bank Limited Reconstruction Scheme. The state-owned lender later increased its holding through the ...