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Yes Bank's stake sale to Sumitomo likely by Sept; Q1FY26 PAT up 59%
Financial Express Chandigarh
|July 20, 2025
The acquisition of Yes Bank stake by Sumitomo Mitsui Banking Corporation (SMBC) is likely to be completed in September, the bank said in a post-earnings call on July 19.
For the first quarter ended June, the bank reported a net profit of ₹801 crore, up 59% year-on-year (y-o-y). While the bank's net interest income grew by 5.7% to ₹2,371 crore in Q1FY26 on back of a decrease in cost of fund.
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