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    Question

    What percentage stake did Japan’s Sumitomo Mitsui

    Banking Corporation (SMBC) acquire in Yes Bank?
    A 10% Correct Answer Incorrect Answer
    B 15% Correct Answer Incorrect Answer
    C 20% Correct Answer Incorrect Answer
    D 24.99% Correct Answer Incorrect Answer
    E 13.18% Correct Answer Incorrect Answer

    Solution

    SMBC acquired a 20% stake in Yes Bank via secondary share purchase from SBI and other lenders. This made SMBC the largest shareholder, while SBI’s stake reduced to about 10%. RBI has permitted SMBC to increase its stake to 24.99%.

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