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Sumitomo Mitsui Bank receives India clearance to acquire stake in Yes Bank

( September 3, 2025, 08:55 GMT | Official Statement) -- MLex Summary: Japan's Sumitomo Mitsui Banking Corporation has received Indian regulatory approval to acquire a stake in Yes Bank. The Competition Commission of India was informed by both banks that the acquisition would not raise competition concerns, despite their overlapping businesses. In May, Yes Bank announced that Sumitomo Mitsui would acquire a 20 percent shareholding from lender banks. A detailed order from the commission is expected.  The statement issued by the Competition Commission of India follows:...

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