SMBC To Buy 20% Stake In Yes Bank: Opportunity For A Re-Rating Of The Bank, Says Yes Bank MD & CEO скачать в хорошем качестве

SMBC To Buy 20% Stake In Yes Bank: Opportunity For A Re-Rating Of The Bank, Says Yes Bank MD & CEO

Prashant Kumar, MD and CEO of Yes Bank, sees an opportunity for the bank's re-rating as Japan's Sumitomo Mitsui Banking Corporation (SMBC) moves to acquire a 20% stake from State Bank of India and a consortium of lenders that bailed out the bank in 2020. According to Kumar, SMBC’s entry addresses a key concern raised by rating agencies—uncertainty around SBI’s 24% stake. With that overhang lifted, he expects improved market credibility and a lower cost of funds. Listen in. #yesbank #sumitomomitsuibanking #stakeacquisition #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday 🔴CNBC TV18 LIVE TV: https://youtube.com/live/P857H4ej-MQ SUBSCRIBE to our Channel: https://bit.ly/3nvEcxf --------------------------------------------------------------------------------------------------------------------- 👑 Check Out Top CNBC TV18 Playlist Videos: 🔹YoungTurks Reloaded:    • Young Turks Reloaded with Shereen Bhan   🔹CNBC TV18 Digital Podcast:    • I Did It My Way - CNBC TV18 Digital Podcast   🔹Sounding Board:    • Sounding Board | CNBC TV18   🔹International Videos:    • World News - CNBC-TV18   🔹CNBC TV18 Market Cafe:    • CNBC TV18 Market Cafe   🔹CNBC TV18 Digital:    • CNBC-TV18 Digital Videos   🔹CNBC TV18 Weekend Special:    • CNBC-TV18 Weekend Special   🔹CNBC TV18 Next-Gen:    • CNBCTV18 Next-Gen   🔹Overdrive Show:    • OVERDRIVE || CNBC TV18   🔹Young Turks:    • YOUNG TURKS - The Entrepreneurship Show   🔹Startup Streets:    • Startup Street   ------------------------------------------------------------------------------------ You can also connect with CNBC-TV18 News Online Catch the latest news: https://bit.ly/2YbpXBM Follow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/ Stay updated with all the market action in real time: https://www.cnbctv18.com/market-live/ You can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: https://www.cnbctv18.com/minis/ Like us on Facebook:   / cnbctv18india   Follow us on Twitter:   / cnbctv18news   Follow us on Instagram:   / cnbctv18india   Catch us on: Linkedin:   / cnbc-tv18   n18oc_business About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here.