Sumitomo Mitsui Financial Group plans to buy a 4.5 percent stake in Indian lender Kotak Mahindra Bank for nearly $340 million. SMFG and other Japanese top banks are seeking partnerships with local banks in Asian countries as growth prospects at home are weak, hoping this will expand their overseas customer base beyond Japanese clients working abroad.
SMFG has tie-ups with local banks in
Company Name | CMP |
---|---|
HDFC Bank | 1530.85 |
ICICI Bank | 1119.65 |
Axis Bank | 1161.75 |
Indusind Bank | 1459.75 |
Kotak Mahindra Bank | 1679.70 |
View more.. |