The Yes Bank deal comes a year after Sumitomo Mitsui took full ownership of Fullerton India Credit Co., a provider of housing and car loans, after initially acquiring close to 75% in 2021.

The investment in YES Bank boosts SMFG’s presence in India’s financial services industry. In 2021, SMFG acquired a near 75% stake in the erstwhile Fullerton India Credit from Fullerton Financial ...

Operating profit for FY25 grew by 17 per cent YoY to ₹16,412 crore. Bank of India's net interest income (NII) for FY25 increased by 6 per cent YoY, while domestic NIM for FY25 stood at 3.10 per ...

Japan's Sumitomo Mitsui Banking Corp. (SMBC) has secured Reserve Bank of India's (RBI ... non-banking finance company SMFG India Credit Co. (SMICC) from Fullerton Financial Holdings.

The World Bank on Friday distanced itself from speculation that it will "fix" decades of political and military tension between India and Pakistan. A message from World Bank chief Ajay Banga ...

World Bank President Ajay Banga met Prime Minister Narendra Modi on Thursday. (File) India-Pakistan war: Amidst heightened tensions that are on the cusp of boiling over into a major India-Pakistan ...

The Reserve Bank of India significantly reduced its gold repatriation in the second half of fiscal year 2025, bringing home only 1.53 tonnes compared to 102.15 tonnes in the previous six months.

This move will make SMBC the largest shareholder in Yes Bank and marks a major foreign investment in India’s banking sector. State Bank of India (SBI) and seven other lenders, which had collectively ...

NEW DELHI: The Press Information Bureau issued a clarification on Tuesday dismissing the reports that India demanded the Asian Development Bank to reduce funding for Pakistan after the recent ...

BENGALURU, May 7 (Reuters) - India's central bank on Wednesday laid down a framework to standardise the process of making and amending rules, including conducting impact analyses of regulations ...