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SMBC seeks nod to buy 4.9% more in Yes Bank
Mint Bangalore
|July 16, 2025
Japan's Sumitomo Mitsui Banking Corp. (SMBC) has sought approval from the Reserve Bank of India (RBI) to acquire an additional 4.9% stake in India's Yes Bank to take its total ownership in the bank to just under 25%, two people aware of the matter, who declined to be identified, said.
In May, SMBC inked a deal to take a 20% stake in the private lender for $1.6 billion. Yes Bank had announced in a stock exchange filing. The RBI is yet to give its clearance on the transaction and is studying the proposal, the first person said. Reuters c
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