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Yes Bank has made a strong recovery since its 2020 crisis, highlighted by Japan’s Sumitomo Mitsui Banking Corporation (SMBC) acquiring a 20% stake for about ₹13,483cr. The Reserve Bank of India granted a special waiver allowing SMBC’s foreign ownership beyond the usual 15% limit, recognizing its importance in stabilizing the bank. This strategic partnership enabled early rescue investors, including SBI, to partially exit, signaling progress in Yes Bank’s turnaround. SMBC’s involvement has bolstered the bank’s capital, governance, and risk management, setting the stage for sustainable growth and enhanced competitiveness in India’s banking sector. This recovery showcases the impact of focused foreign investment coupled with regulatory support in revitalizing troubled financial institutions.
Groww is expanding its wealth management presence by acquiring wealth-tech startup Fisdom for $150 million in cash. This deal broadens Groww’s services from digital investing to offline advisory, complementing its recent Indiabulls Asset Management acquisition. Fisdom, with strong bank partnerships and profitable growth, adds a vast distribution network. As India’s largest stockbroker by active clients, Groww’s ₹3,145cr FY24 revenue and this acquisition position it strongly ahead of its upcoming IPO in the competitive wealth management market.
Here’s presenting our Monthly Snapshot for May 2025. Our newsletter takes a deep dive into the global scenario, Government policies, Indian startups raising funds, important sector updates, the performance of various asset classes, and much more.
Co – Contributors: Soumadwip Saha | Sahil Drolia | Khushi Chaudhary | Armaan Arya | Kushagra Khetan | Devansh Khemka | Akshat Saraf | Yash Sureka | Raj Singh
