“SMBC has signed a definitive agreement with The deal is expected to close once conditions precedent are met, after which SMBC’s holding in Yes Bank will rise to 24.2%. SMBC has received the RBI’s approval to raise its stake in Yes Bank up to 24.99%. Two SMBC-nominated non-executive directors will join Yes Bank’s board, following which the lender will be treated as an equity affiliate of the SMBC said the move underscores its commitment to strengthening its India presence and supporting Yes Bank’s sustaina ...