Samurai Banker Rajeev Kannan Forged SMBC-Yes Bank Landmark Deal

• Rajeev Kannan, SMBC's India head, orchestrated Sumitomo Mitsui Banking Corporation's acquisition of a 25% stake in Yes Bank.
• The Yes Bank deal is unique as it marks a foreign bank's significant investment in an Indian bank not in distress, unlike previous M&A.
• Kannan navigated complex challenges including valuation, managing diverse stakeholders like SBI, and India's market dynamics.
• His prior experience with the SMFG–Fullerton India Credit acquisition built crucial familiarity with Indian regulators and stakeholders.
• Described as "unassuming but assertive," Kannan's leadership reflects "Japanese traits," making him a trusted figure for SMFG in India.

Why It Matters: Rajeev Kannan's strategic leadership enabled SMBC's landmark Yes Bank deal, reshaping foreign investment in Indian banking.