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For years, India’s financial markets have been shaped by a complex web of regulations, especially when it comes to foreign investment. The Reserve Bank of India (RBI), ever cautious, has traditionally imposed limits on how much Foreign Portfolio Investors (FPIs) could own in various asset classes.
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YES Bank has just made headlines with a major development. Sumitomo Mitsui Banking Corporation (SMBC), one of Japan’s leading financial institutions, has agreed to acquire a 20% stake in the bank. This marks an important milestone in YES Bank’s ongoing transformation journey.
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