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SMBC gets RBI approval to acquire up to 25% in Yes Bank
Business Standard
|August 25, 2025
Sumitomo Banking Corporation (SMBC) has received approval from the Reserve Bank of India to acquire up to 24.99 per cent stake in Yes Bank, the latter said in an exchange filing.
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In May, SMBC proposed to acquire 13.19% stake from State Bank of India and 6.81% from seven other banks, totalling 20 per cent, for 13,483 crore.
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