Reserve Bank of India clears Emirates NBD's stake purchase in RBL Bank [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
The approval requires the investor to hold at least 51%, after which RBL would be treated as a foreign bank operating through a subsidiary structure, with the Dubai-based lender as the overseas parent. RBL has been told to revise its Articles of Association and seek RBI consent for the changes. The central bank has also indicated it does not object to Emirates NBD being treated as RBL's promoter, subject to Securities and Exchange Board of India rules. Even if the equity purchase goes ahead, Emirates NBD's voting power would be limited to 26% of RBL's total voting rights. Emirates NBD has been granted relief from the “single mode of presence” condition until its India branches are merged into RBL or for up to one year, whichever is earlier. The RBI's letter is valid for one year and is conditional on the government of India clearance for investment beyond 49% under the approval route, along with compliance with relevant provisions. Other regulatory permissions and standar
Show less
Read more
Impact Snapshot
Event Time:
SMFG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SMFG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SMFG alerts
High impacting Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) news events
Weekly update
A roundup of the hottest topics
SMFG
News
- OCBC leads race for HSBC Indonesia retail unit – report [Yahoo! Finance]Yahoo! Finance
- A Potential Move By SMFG Could Reshape More Than One Player [Yahoo! Finance]Yahoo! Finance
- Japanese megabank to bring 2,000 jobs to Charlotte [Yahoo! Finance]Yahoo! Finance
- T&D Holdings, Inc. (TDHOY) Discusses Review and Update of Group Long-Term Vision and Key Financial Initiatives Transcript [Seeking Alpha]Seeking Alpha
- KDDI Corporation (KDDIY) Discusses Investigation Findings on Fictitious Circular Transactions and Financial Impact Transcript [Seeking Alpha]Seeking Alpha
SMFG
Sec Filings
- 4/9/26 - Form 3
- 4/1/26 - Form 6-K
- 3/18/26 - Form 3
- SMFG's page on the SEC website