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YESBANK
Bank's leadership is optimistic about the transformative impact of its recent partnership with Japan's Sumitomo Mitsui Banking Corporation (SMBC), which saw the foreign lender scoop up a 24% equity stake. In an exclusive chat with CNBC-TV18, Managing Director and CEO Prashant Kumar highlighted how this alliance is poised to elevate the bank's credit profile, slash borrowing expenses, and fuel long-term earnings momentum.
The deal, finalized earlier this year, has already opened doors for Yes Bank in key areas like corporate cash management, trade finance, and transaction services. "This collaboration isn't just about capital—it's unlocking real synergies in client relationships and market positioning," Kumar noted. He projected that the infusion could pave the way for enhanced credit ratings, directly translating to lower funding costs and bolstering the bank's path to a 1% return on assets (ROA) by fiscal year 2027.#WatchOutFor#StockInNews#Budget2025
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