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    Question

    How much stake has the RBI approved Sumitomo Mitsui

    Banking Corporation (SMBC) to acquire in Yes Bank?Β 
    A 19.99% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 23.97% Correct Answer Incorrect Answer
    D 24.99% Correct Answer Incorrect Answer
    E 26% Correct Answer Incorrect Answer

    Solution

    The RBI approved Sumitomo Mitsui Banking Corporation (SMBC) of Japan to acquire up to 24.99% stake in Yes Bank. This acquisition strengthens Indo-Japan banking relations and boosts capital adequacy for Yes Bank. The approval is significant as foreign investments above 25% require government clearance.Β 

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