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SMBC gets nod to raise Yes Bank stake to 24.99%
The New Indian Express Kozhikode
|August 24, 2025
The Reserve Bank of India (RBI) has granted in-principle approval to Japanese financial major Sumitomo Mitsui Banking Corporation (SMBC) to acquire an additional 4.99% stake in Yes Bank, taking its total holding to 24.99%.
SMBC had in May agreed to pick up 20% in the private lender for ₹13,483 crore at ₹21.5 per share. With the latest approval, it can increase its stake but will not be classified as a promoter despite holding nearly a quarter of the bank. The Japanese bank will, however, enjoy full voting rights on its 24.99% equity.
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