Yes bank share price: Yes Bank shares are seeing a great rise today. The shares of this bank of the private sector started trading at a price of Rs 20.33 with a strong rise of about 5 percent today. However, after a while, it saw a sharp decline due to profit booking. Yes Bank shares on BSE at 11.03 am on Monday at 11.03 am were trading at Rs 19.71 with a gain of Rs 0.43 (2.23%). Let us tell you that Yes Bank shares closed at Rs 19.28 on Friday last week.
SMBC will get 24.99% stake in YES Bank
Yes Bank on Saturday gave a big update about the SMBC’s share in an exchange filing, due to which the bank shares are seeing a strong rise today. Yes Bank had said in the exchange that RBI has approved Japan’s Sumitomo Mitsui Banking Corporation (SMBC) to get a stake in the bank up to 24.99 percent. Earlier, Yes Bank gave information about the proposal to get a 20 percent stake in Yes Bank by SMBC on May 9, 2025, with the SMBC’s 13.19 percent stake from the State Bank of India and 6.81 percent stake from 7 other shareholders.
SMBC will not be considered Yes Bank’s promoter
Other major shareholders of Yes Bank include Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank and Kotak Mahindra Bank, besides State Bank of India. Yes Bank had stated in the information given to the stock market on Saturday that this approval given by the RBI is valid for one year from the date of this letter. The RBI clarified that SMBC will not be considered a promoter of the bank after the said acquisition.
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