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Published: April 15, 2024
Updated: April 15, 2024
Japanese banks are getting bullish on India. After Sumitomo acquired Fullerton, Mitsubishi is in the race to buy a 20 per cent stake in HDB Financial for $ 1.7 billion.
Both Mitsubishi UFJ Financial Group (MUFJ) and Sumitomo Mitsui Banking Corp have expressed an interest and are considering a bid to acquire a majority stake in Yes Bank.
Nippon already has a strong presence in the mutual fund segment and Daiwa Capital Markets and Nomura are making their presence felt in their respective fields.
If either of the two Japanese giants acquires Yes Bank, it would open an exit gate for State Bank of India, which had to buy the distressed bank.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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