Indian lender Yes Bank approved raising to ₹160 billion ($1.87 billion) via equity and debt, capping equity dilution at 10%. The funds' purpose remains undisclosed. Last month, Japan's Sumitomo Mitsui acquired a 20% stake in Yes Bank in a landmark $1.58 billion deal.

• Plans ₹75 billion equity and ₹85 billion debt issuance.
• Equity dilution capped at 10%, including debt conversion.
• SMBC's 20% stake is India’s largest cross-border financial M&A.