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Yes Bank stock falls 4% as SMBC rules out raising hike
Financial Express Kochi
|October 18, 2025
YES BANK'S STOCK fell nearly 4% on Friday after Sumitomo Mitsui Banking Corporation (SMBC) ruled out increasing the group's stake in the bank beyond 24.99%.
Rajeev Kannan, group executive officer and head of SMBC Group's India division, told Reuters in an interview that the bank is focused on contributing to Yes Bank's growth as its largest shareholder and board member, and does not intend to take on an executive role in the lender. "We are not
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