TOKYO -- Sumitomo Mitsui Financial Group announced plans Friday to invest in Yes Bank, a major Indian commercial bank, expanding its foothold in a key overseas market seen having growth potential.
Business deals
Japan's SMFG to invest $1.6bn in India's Yes Bank
Japanese financial group bets on country's commercial banking business
SMFG's investment in Yes Bank will make the Indian lender an equity-method affiliate. Yes Bank has a strong customer base in India's corporate banking market. (Source photos by Nikkei)
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