India's central bank allows Japan's Sumitomo Mitsui Banking to set up local unit
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Yes Bank’s stock surged over 10% in early trade on Tuesday after reports emerged that Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has received RBI’s nod to acquire a majority stake in the private sector bank. A potential game-changer in India’s banking sector. Watch the full story 👇 #YesBank #SMBC #RBI #StockMarket #BankingUpdate | Mint
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