Japan’s Sumitomo Mitsui Banking Corporation (SMBC) acquired a 20 per cent stake in Yes Bank from SBI and other investors, becoming the largest shareholder. The deal strengthens governance, Japan–India trade flows, and corporate banking growth, with Yes Bank receiving upgraded AA- ratings.
Prime Minister Modi called his Japan visit “productive,” highlighting multiple agreements including India-Japan Joint Vision for the Next Decade, Defence cooperation, AI and digital partnerships, Chandrayaan-5 collaboration, climate action, and human resource exchanges, reinforcing strategic, economic, and technological ties.
Prime Minister Narendra Modi, in an interview with Japan’s Yomiuri Shimbun, said India and Japan can diversify and balance trade while building new frontiers in semiconductors, manufacturing, and global value chains. He highlighted Suzuki’s Rs 70,000 crore investment and India’s reforms
Prime Minister Narendra Modi will visit Japan on August 29 for his first annual summit with PM Shigeru Ishiba to strengthen strategic ties, trade, and technology cooperation. The partnership is expected to benefit Africa and the wider Global South through sustainable growth
