The country's largest lender State Bank of India on Wednesday (September 17, 2025) announced the completion of the divestment of about 13.18% stake in Yes Bank to Sumitomo Mitsui Banking Corporation of Japan for ₹8,888.97 crore.State Bank of India (SBI) has received ₹8,888.97 crore from the acquirer Sumitomo Mitsui Banking Corporation (SMBC), a Japanese multinational financial services company belonging to the Sumitomo Mitsui Financial Group (SMFG), the bank said in a regulatory filing.SMFG is among the le ...

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 ...

SAO PAULO, May 21, 2025 (GLOBE NEWSWIRE) -- On May 20th, 2025, the first "China-Brazil Economic and Finance Conference" organized and hosted by China International Capital Corporation Limited (CICC), was successfully held in São Paulo, Brazil. Hundreds of government officials, representatives from leading enterprises and investment institutions across China and Brazil attended the conference. At the event, Xu Yicheng, CICC's Member of Management Committee, represented the company. In his opening remarks, Xu ...