private sector K Yes Bank said on Saturday that the RBI has approved the Sumitomo Mitsui Banking Corporation (SMBC) of Japan to get a share of up to 24.99 percent in the bank. 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. Other major shareholders of Yes Bank include Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank and Kotak Mahindra Bank.
SMBC will not be considered bank’s promoter
YES Bank said in the information given to the stock market, “In this regard, we are happy to say that Sumitomo Mitsui Banking Corporation of Japan has been approved by the Reserve Bank of India (RBI) for acquisition of the bank’s paid share capital/ polling rights through a letter of August 22, 2025. Is. The RBI further clarified that after the said acquisition, SMBC will not be considered as a promoter of the bank.
The Reserve Bank of India is under these conditions
The approval of the Reserve Bank of India is subject to other conditions, including the relevant provisions of the Banking Regulation Act, 1949, the Master Guidelines of the RBI (timely amended) (amended) and the provisions of the Foreign Exchange Management Act, 1999 on the acquisition of shares or franchise in banking companies. In addition, approval will have to be obtained from the Competition Commission of India (CCI) for the proposed transaction.
Yes Bank shares closed with a decline on Friday
On Friday, Yes Bank shares were down by Rs 0.15 (0.77%) on BSE at a price of Rs 19.28. Yes Bank shares are still trading below their 52 weeks high. Yes Bank shares on BSE are 52 weeks high 24.84 and 52 weeks are Rs 16.02. According to BSE data, the current market cap of this private bank is Rs 60,480.45 crore. Let us tell you that the Indian stock markets were closed with a major decline on Friday.
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