Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
SBI, 7 Lenders to Offload Yes Bank Stake to Japan's SMBC
Hindustan Times Patna
|May 10, 2025
State Bank of India (SBI) and seven other lenders on Friday announced selling 20% of their combined stakes in Yes Bank to Japan's Sumitomo Mitsui Banking Corporation (SMBC) for a consideration of ₹13,483 crore, making it the largest cross-border investment in the Indian banking sector.
NEW DELHI:
Following completion of the transaction, SMBC will become the single largest shareholder of Mumbai-based Yes Bank.
Of the 20% stake, SBI would dilute 13.19% stake in Yes Bank in favour of SMBC for a consideration of ₹8,889 crore, while 6.81% shareholding will be offloaded by seven other lenders—Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank and Kotak Mahindra Bank—for about ₹4,594 crore.
This story is from the May 10, 2025 edition of Hindustan Times Patna.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Patna
Hindustan Times Patna
Street food as theatre stages its own reality
As the sun goes down, behind the tall glass buildings of Noida, the white-collared workforce swipes out and spills onto the streets.
3 mins
June 21, 2026
Hindustan Times Patna
To drink or not, is the question of choice
I won't deny I enjoy a little tipple. In fact, of an evening, I often look forward to it. In Cambridge, Saturdays were occasions to drink. Many of my friends would want to get smashed. But I'm now too old for such youthful frolic. A measured, controlled drink suits me perfectly.
2 mins
June 21, 2026
Hindustan Times Patna
Maturity leave
It’s strange to think of the rebels that make up Guns N’ Roses and Metallica as seniors grappling with age. Is there a way to do that, without giving up entirely on who you were?
2 mins
June 21, 2026
Hindustan Times Patna
Price of misalignment in the West Asia conflict
India’s strategic partners started a war that worsened its regional security environment, torpedoed its economy, cost Indian lives, empowered Pakistan, and cemented China’s big power status. And New Delhi didn’t —or couldn't — shape the war's outcome
4 mins
June 21, 2026
Hindustan Times Patna
Jim membership
Since he was a child, conservationist Ian Douglas has been a fan of Jim Corbett - his novels, his life, his eventual message. His new book on the hunter-turned-wildlife protector offers fresh insight into the man, his kindness, his worries about our impact on ecosystems
3 mins
June 21, 2026
Hindustan Times Patna
What's another word for...
{ FINE PRINT } THE ASHOKA DATABASE OF INDIAN TRANSLATIONS
3 mins
June 21, 2026
Hindustan Times Patna
Nation builders? No, just unpaid women workers
Sorry, your lordships. Women who labour at home to wash, clean, cook, bring up children, take parents to the doctor, go to the market, and do the countless other tasks of physical and emotional labour that keep their families happy — are not “nation-builders”.
2 mins
June 21, 2026
Hindustan Times Patna
Listen to the voice of Hind Rajab
A 5-year-old begs for help as her car comes under fire in Gaza. A stunning work of docu-fiction is finally in theatres. Don’t miss it
2 mins
June 21, 2026
Hindustan Times Patna
little letters
An ongoing exhibition has brought together typos and corrections that read like poetry, misrepresented the world, signalled rebellion in the face of censorship and even, in one case, turned a holy commandment into a scandalous exhortation: Thou shalt commit adultery?
3 mins
June 21, 2026
Hindustan Times Patna
On wings and a prayer
It took us millions of years to figure out how to fly, and we still can’t do it quite like they do.
3 mins
June 21, 2026
Listen
Translate
Change font size