
State Bank of India to sell $1 billion stake in Yes Bank to Japan's SMBC
MUMBAI :State Bank of India will divest a 13.19 per cent stake in private lender Yes Bank to Japan's Sumitomo Mitsui Banking Corporation (SMBC) for 88.89 billion rupees ($1.04 billion), it said on Friday. SMBC, owned by Sumitomo Mitsui Financial Group, …