Rajat Agrawal

RBI Approval to Japan’s Sumitomo to Acquire 24.99% Stake in Yes Bank! Sumitomo Mitsui Banking Corporation (Japan), one of the world’s largest banks, has received RBI approval to acquire a 24.99% stake in Yes Bank. The purchase involves a secondary sale: 13.19% from SBI and 6.81% from seven other banks (Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank and Kotak Mahindra Bank). The deal is estimated at $1.6 billion (approx. ₹ 13,483 crore), making it the biggest foreign investment in an Indian bank to date. SMBC becomes the largest shareholder of Yes Bank, surpassing SBI, which will retain about 10.8% of Yes Bank post-transaction. SMBC will have the right to nominate two directors to Yes Bank’s board, but it will not be classified as a “promoter” under RBI rules, which could limit its strategic control over the bank. The deal was announced on May 9, 2025 and approved on August 22, 2025. The deal is expected to be closed by September 2025. Follow for more such content on finance and investing! #YesBank #Banking #Investment #RBI #SBI #Axis #HDFC #ICICI #Kotak #FinancialMarkets #Investing #Finance #Money #FinanceNews #FinancialNews #BFSI #Trending

PhonePe Gets RBI Approval! PhonePe has received the final approval from the RBI to operate as an online payment aggregator. This allows PhonePe to onboard and service online merchants directly and provide payment gateway services, especially targeting Small and Medium Enterprises (SMEs). Backed by Walmart, PhonePe is one of India's largest fintech platforms with over 650 million users, 225 million daily transactions and almost 50% market share in India’s UPI payments. PhonePe is aiming to diversify its business model, capture more market share and boost SME adoption, especially in non-metro and emerging markets, by leveraging its user base and technology. For SMEs, this approval will bring easier and faster digital payments, improved customer experience and access to robust fintech tools. Follow for more such content on finance and investing! #PhonePe #RBI #SMEs #UPI #DigitalIndia #Fintech #Finance #Money #Business #FinanceNews

69 days, 80+ applications, 10+ rejections, and aggressively applying. Hello, connections! I am looking to get a job in Financial Services for the role of Research Analyst and similar roles; willing to relocate from Jaipur to anywhere within India; being available immediately. I am about to complete my MBA; I am good at Financial Statement Analysis, and communication and people skills. I am really interested in this industry, and if you have an open job position, or if you know of any other organizations or individuals who might be building out their teams that could use somebody with my skillsets, it would mean the world to me if you can let me know the same in the comments or on my e-mail id : agrawalrajat1997@gmail.com Super excited to hear back! Thanks in advance! #jobhunt #jobhunting #jobsearch #jobsearching #jobseeking #jobinterviews #financialservices