Japan's Sumitomo Mitsui Banking Corp (SMBC) is in advanced discussions to buy a stake in India's Yes Bank, the Economic Times reported on Tuesday, citing people aware of the matter.The move could trigger an open offer for an additional 26 per cent of the private lender, the report said. SMBC currently does no

Japan's Sumitomo Mitsui Banking Corp (SMBC) is in advanced discussions to buy a significant stake in India's Yes Bank, the Economic Times reported on Tuesday, citing people aware of the matter.The move is expected to trigger an open offer for an additional 26 per cent Yes Bank, the report added.