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Abe, Singh to meet today; investment deals likely

 The annual summit between India and Japan on Saturday will seek to forge greater bilateral trade and investment ties, with Japanese Prime Minister Shinzo Abe coming with a high-powered business......

Stanchart to take over Sumitomo Mitsui arm

 Standard Chartered Bank India is understood to be taking over the operations of Japanese Sumitomo Mitsui Banking Corporation in India. Though a Standard Chartered spokesperson declined to comment......

SBI sells 13.18% Yes Bank pie for Rs 8,889 cr

 The country's largest lender State Bank of India on Wednesday announced the completion of the divestment of about 13.18 per cent stake in Yes Bank to Sumitomo Mitsui Banking Corporation of Japan......

Japan's Sumitomo to buy 4.5% in Kotak Bank

 Japan's Sumitomo Mitsui Banking Corporation on Wednesday announced that it would invest Rs 1,366 crore (Rs 13.66 billion) for a 4.5 per cent stake in private sector lender Kotak Mahindra Bank. The......

Reliance Cap partners Sumitomo, Nippon for bank foray

 Readying itself for a bank licence, Anil Ambani-led group's Reliance Capital on Wednesday said Japan's Sumitomo Mitsui Bank and Nippon Life would become its strategic partners in the proposed......

India Opens Doors To Foreign Banks, But...

 But selectively, with regulatory scrutiny and special approval, points out Tamal Bandyopadhyay. Illustration: Dominic Xavier/Rediff   In September 2006, the Union government had put the Satara......

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