SMFG Weighs Yes Bank-Led India Strategy as It Streamlines Operations in Fast-Growing Market
Updated
Updated · Bloomberg · Jul 10
SMFG Weighs Yes Bank-Led India Strategy as It Streamlines Operations in Fast-Growing Market
1 articles · Updated · Bloomberg · Jul 10
Summary
SMFG is evaluating whether to run its India business primarily through Yes Bank, part of a broader review of how to consolidate its presence in the country.
The Japanese lender is studying ways to streamline its various Indian operations and has discussed multiple scenarios with prospective advisers, according to people familiar with the matter.
Changing regulatory guidelines in India are shaping the review, which comes as SMFG seeks a simpler structure in one of the world’s fastest-growing banking markets.