YES Bank Ltd.YESBANK₹19.52 +1.24%

YES Bank Ltd. shares gained up to 5% after the lender announced that the Reserve Bank of India (RBI) had approved Sumitomo Mitsui Banking Corporation’s (SMBC) proposal to acquire up to 24.99% of its paid-up share capital and voting rights. The approval, granted on August 22, 2025, is valid for one year.

The transaction involves SMBC buying a 20% stake in Yes Bank through a secondary purchase. Of this, 13.19% will be acquired from the State Bank of India, while the remaining 6.81% will come from a group of seven banks, including Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, and Kotak Mahindra Bank. Together, these sales will give SMBC a significant minority position in the private lender.

The proposed transaction is still subject to approval from the Competition Commission of India (CCI) and other customary conditions precedent outlined in the agreements disclosed by Yes Bank in May 2025. Once consummated, the deal will mark a significant foreign investment in an Indian private sector lender.

A strategic investor like SMBC is expected to strengthen the bank’s capital base, improve governance, and potentially deepen business collaboration.

Note: The stock price mentioned is as of 2:55 pm.

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