By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Latest World News UpdateLatest World News UpdateLatest World News Update
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Reading: Foreign stake in ‘YES BANK’ could pave way for more foreign participation in Indian banks: Fitch Ratings – World News Network
Share
Notification Show More
Font ResizerAa
Latest World News UpdateLatest World News Update
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > Business > Foreign stake in ‘YES BANK’ could pave way for more foreign participation in Indian banks: Fitch Ratings – World News Network
Business

Foreign stake in ‘YES BANK’ could pave way for more foreign participation in Indian banks: Fitch Ratings – World News Network

worldnewsnetwork
Last updated: May 27, 2025 12:00 am
worldnewsnetwork 4 months ago
Share
SHARE

New Delhi [India] May 27 (ANI): The 20 per cent stake buy by Sumitomo Mitsui Financial Group in ‘YES BANK’ could pave the way for foreign participation in the Indian banking sector, says a report by Fitch Ratings. The Reserve Bank of India’s (RBI’s) approval of the YES BANK deal could pave the way for similar transactions.

Contents
WORLD MEDIA NETWORKPRESS RELEASE DISTRIBUTIONPress releases distribution in 166 countriesPress releases in all languagesPress releases in Indian LanguagesIndia PackagesEurope PackagesAsia PackagesMiddle East & Africa PackagesSouth America PackagesUSA & Canada PackagesOceania PackagesCis Countries PackagesWorld Packages

The report adds that increasing voting rights and investment thresholds in Indian banks could further incentivise foreign investors, particularly in the country’s mid-sized banking sector.

India’s regulations currently cap voting rights for investors in banks at 26 per cent and investments by financial institutions at 15 per cent, which have been a deterrent to larger foreign stake sales.

Fitch Ratings suggests this on the backdrop of the recently announced proposed acquisition of a 20 per cent stake in YES BANK by Japan’s Sumitomo Mitsui Financial Group, Inc. (SMFG), which Fitch views as a potentially significant step towards greater foreign involvement. Additionally, this transaction is also seen as a reflection of YES BANK’s recovery since its 2020 regulatory rescue.

The report notes that despite the limits, SMFG’s 20 per cent stake will make it the largest shareholder in YES BANK, with two board appointees giving it significant control.

The rating agency also points out the RBI’s apparent preference for foreign banks with robust performance and governance records to establish wholly-owned Indian subsidiaries if they seek to hold stakes larger than 26 per cent.

Statistically, foreign banks currently hold a relatively small share of India’s banking assets (around 6 per cent) and loans (around 3 per cent), compared to the dominance of the top 10 Indian banks.

“Fitch sees investor interest in Indian banks driven by significant growth potential, with expected GDP growth of over 6 per cent in the financial year ending March 2027 (FY27), manageable risks from trade disruptions, and stronger financial performance amid regulatory improvements addressing past asset quality issues,” the release said.

It further added that, “Increased global bank involvement could enhance governance standards and practices in India’s financial sector, aligning with the RBI’s efforts.” (ANI)

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

India’s vision for Viksit Bharat needs infrastructure push: Amitabh Kant – World News Network

HOMETHON Property Expo 2025 sets a positive tone for the festive season – World News Network

Sanskriti University Marks 9th Foundation Day with Vivek Agnihotri and Welcomes Students with Fresher’s Fiesta – World News Network

Win Gold Every Hour – SGFX Brings Back Flagship “Gold Rush” Campaign at Forex Expo Dubai 2025 – World News Network

Fire India 2025 Concludes on a High Note, Looking Ahead to 2026 – World News Network

Share This Article
Facebook Twitter Email Print
Previous Article Covid-19 in India: Active cases climbs to 1,000 mark in India, 430 cases in Kerala – World News Network
Next Article ‘Harry Potter’ series finds its Harry, Ron, and Hermoine – World News Network
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -

Latest News

India’s multi-pronged growth model backed by policy support, says HDFC AMC CEO – World News Network
Business 23 hours ago
Shubham Chaudhary Joins the Big League: New Vice President of India Para Powerlifting (Paralympic Committee of India) – World News Network
Business 23 hours ago
Marks & Spencer Unveils Autumn ’25 Collection at BTFW with the gorgeous OTT Ba***ds of Bollywood fame star Sahher Bambba – World News Network
Business 23 hours ago
Fire India 2025 Concludes on a High Note, Looking Ahead to 2026 – World News Network
Business 23 hours ago

Sports

Nishad Kumar, Simran Sharma shine as India continues strong run at World Para Athletics Championships 2025 – World News Network
Sports
Sikandar Raza, Gerhard Erasmus rejoice as Zimbabwe and Namibia qualify for T20 World Cup – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • National
  • Videos
  • Gujarati

Popular Category

  • Hindi
  • Lifestyle
  • Marathi
  • National
  • Science
  • Sports
  • Tech
  • World

Entertainment

Taylor Swift planning “huge” wedding with Travis Kelce, says “It’s gonna be fun” – World News Network
Entertainment
Kangana Ranaut believes PM Modi would be the perfect “showstopper,” says he’s got “great style” – World News Network
Entertainment
Copyright © 2023 World News Network. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?