Shares of YES Bank soared by 10% in Tuesday’s trading session following reports that Japan’s Sumitomo Mitsui Banking Corp (SMBC) has received approval from the Reserve Bank of India (RBI) to acquire a 51% stake in the private lender. The deal, reportedly valued at $1.7 billion, has sparked investor enthusiasm, despite the lack of official confirmation on the stock exchanges.

If the reports are accurate, this could mark a significant strategic turnaround for YES Bank, which has been attempting to rebuild investor confidence after past financial and governance challenges. A majority stake by a globally reputed institution like SMBC could strengthen YES Bank’s capital base, improve its operational efficiency, and boost its credibility in the market.#FOMCMeeting #MarketPullback #BitcoinReserveDeadline $BTC $SOL $XRP