Yes Bank Stake Sale Sparks Acquisition Race Among Sumitomo, SMBC, RBI, SBI

13 Aug 2024 CW Team

The ongoing sale of a stake in Yes Bank has triggered intense competition among several major financial entities, including Sumitomo Mitsui Banking Corporation (SMBC), the Reserve Bank of India (RBI), and the State Bank of India (SBI). This high-stakes race reflects the significant interest in Yes Bank, which has been a key player in India's banking sector.

Sumitomo Mitsui Banking Corporation is reportedly vying to secure a substantial stake, aiming to enhance its presence in the Indian market. Meanwhile, the RBI, as a regulatory body, is closely monitoring the transaction to ensure it aligns with the financial stability and regulatory frameworks.

The SBI, already a major stakeholder in Yes Bank, is also actively involved in the acquisition discussions, potentially seeking to increase its influence within the bank. This move comes as part of SBI's broader strategy to consolidate its position in the banking sector.

The outcome of this competitive acquisition race could reshape Yes Bank's ownership structure and influence its strategic direction. As these key players continue their negotiations, the final resolution will likely have significant implications for Yes Bank's future and the broader banking landscape in India.

Real Estate

05 May 2026

Dubai Real Estate Sales Reach AED48 Billion

Dubai’s real estate market recorded 13,977 sales transactions worth AED48 billion in April 2026, reflecting continued resilience across residential and commercial segments.According to a market update by fäm Properties, sales volume rose 3.5 per cent month-on-month compared to March, while total sales value increased by 10.7 per cent. The commercial sector, including offices and shops, recorded the strongest growth, with 561 transactions valued at AED4 billion, up 33.9 per cent year-on-year and 36.2 per cent month-on-month.Apartment sales rose 6.5 per cent month-on-month to 11,377 transacti..

Casagrand Launches 35-Acre Hyderabad Project

Casagrand has launched Casagrand Vybe, its largest residential project in Hyderabad, spread across 35 acres in Rajendra Nagar. The launch marks the company’s fifth residential rollout in 2026 and strengthens its expansion momentum in the city.As part of its Hyderabad growth strategy, Casagrand is adding 3.98 million sq ft of residential space to its portfolio. Since entering the Hyderabad residential market in 2023, the company has scaled its presence with projects across key micro-markets. In 2025, it launched four projects — Casagrand Evon, Casagrand Windsor Court, Casagrand Belair and C..

Bentley Event Spotlights AI Infrastructure

Bentley Systems recently hosted Illuminate Mumbai 2026, bringing together infrastructure leaders, policymakers, technology experts and academia to discuss how AI-driven engineering and digital twins can accelerate India’s journey towards Viksit Bharat 2047.The event focused on scaling intelligent and connected infrastructure ecosystems beyond digital adoption. Discussions covered the use of infrastructure AI, open data environments and digital twin technologies to improve project delivery, sustainability and long-term asset performance across key sectors.Kamalakannan Thiruvadi, Regional Exec..