Grapevine: SMBC, YES Bank, Panacea Biotec, Power Gummies in news

By Nitesh Kumar

  • 29 Aug 2025
Premium
Credit: Reuters

Japanese banking giant Sumitomo Mitsui Banking Corporation (SMBC) is set to invest Rs 16,000 crore (about $1.83 billion) in YES Bank through a mix of equity and debt, a media report said. The infusion is aimed at strengthening the lender’s balance sheet and increasing its ownership stake, The Economic Times reported, ......

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