27 Oct 2025 | 5 Mins Read
SBM Bank CEO provides job security to Yes Bank employees amid layoffs
Flipitmoney
SMBC's global CEO Toru Nakashima assured Yes Bank employees of job security during a town hall meeting, following the Japanese conglomerate's acquisition of a 24.99% stake in the Indian lender. He stated that SMBC will take Yes Bank to the next level of growth by bringing its expertise and learning, and will contribute to the board instead of taking an executive role.