Latest Updates Around The World
Sumitomo Mitsui Banking Corporation | Photo credit: Issei Kato Japanese lender Sumitomo Mitsui Banking Corporation has announced a new global offshoring hub in Porur, Chennai. The centre, named SMBC Global Services Private Limited, is expected to be the bank’s first GCC in India and is expected to be operational by the end of this month. […]
Yes, the partnership of Bank with SMBC increases confidence, cites capital and hints on a potential rating upgrade. | Photocredit: Reuters The decision of the Japanese lender SMBC to buy nearly 25 percent interest in Yes Bank must be seen as a voice of trust and also creates “possibilities” of a rating upgrade, a senior […]
Private lender Yes Bank on Saturday said that the reserve Bank of India (RBI) Sumitomo Mitsui Banking Corporation (SMBC) has approved to acquire up to 24.99% of the stock capital paid and voting rights from the bank. It is important that RBI has clarified that SMBC will not be classified as a promoter of YES […]
