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0 -0.000306936771025108 -0.000920810313075323 -0.000920810313075323 -0.00184162062615086 -0.00214855739717619 -0.00276243093922641 -0.0024554941682013
Stock impact report

Global Banks Bet Billions on India Deals Amid US Credit Jitters [Yahoo! Finance]

Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG) 
US:NYSE Investor Relations: smfg.co.jp/english/investor
Company Research Source: Yahoo! Finance
(Bloomberg) -- A spate of billion-dollar deals for Indian banks has thrust the country's financial sector into the global spotlight, at a time when US credit losses and trade tensions have rattled investors globally. Over the weekend, Emirates NBD Bank PJSC said it plans to invest $3 billion in RBL Bank Ltd., marking the biggest foreign investment in India's banking sector. Earlier this month, Abu Dhabi's International Holding Co. PJSC inked a deal to buy into Sammaan Capital Ltd. for about $1 billion, while Sumitomo Mitsui Financial Group Inc.'s banking unit in May agreed to pay $1.6 billion for 20% of Yes Bank Ltd. Most Read from Bloomberg Los Angeles County Declares State of Emergency Over ICE Raids What Comes After the ‘War on Cars'? New Yorkers Face Likely Tax Hikes No Matter Who Becomes Mayor NY Senator Behind Casino Push Urges Swift Awarding of Licenses There's a Better Way to Win on Traffic Safety All told, about $15 billion of deals involving financial servic Show less Read more
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