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      Question

      How much stake has the RBI approved Sumitomo Mitsui

      Banking Corporation (SMBC) to acquire in Yes Bank? 
      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. 

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