Japan’s bank to buy up to 24.99% stake in Yes Bank: SMBC approves RBI, even after the deal it will not be considered a promoter of the bank.

Yes Bank shares fell 21% in a year.

Sumitomo Mitsui Banking Corporation (SMBC) of Japan will buy a stake in Mumbai’s Private Sector Bank Yes Bank. SMBC has received approval from the Reserve Bank of India (RBI) for this purchase. This information has been given by Yes Bank in stock exchange filing.

The RBI approved this on 22 August 2025, which will remain valid for one year. Yes Bank said that RBI has made it clear that SMBC will not be considered a promoter of the bank after purchasing a stake.

The news of this deal was first revealed on 9 May 2025. Under this, SMBC will buy 20% stake in Yes Bank. 13.19% of this will be purchased from State Bank of India (SBI) and the remaining 6.81% Stax seven other banks – Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank and Kotak from Mahindra Bank.

Sumitomo Mitsui Banking Corporation is a Japanese multinational banking financial services institution. Whose ownership is with Sumitomo Mitsui Financial Group.

RBI approval to SMBC with certain conditions

SMBC has received RBI approval with certain conditions. Such as the Banking Regulation Act 1949, RBI shares of purchase and voting rights, Foreign Exchange Management Act 1999 and other laws will have to be followed by SMBC.

The RBI has also said that this stake will have a lock-in period and no transaction in the future can be done without RBI’s approval. However, for the completion of this deal, it is also necessary to fulfill some of the conditions of Competition Commission of India (CCI) and certain conditions of share purchase agreement.

Yes Bank’s share dropped 21% in a year

Yes Bank’s stock closed at Rs 19.28 on Friday at Rs 19.28. The bank’s stock has fallen 3% in the last one month. The stock has climbed 7% in the last six months. At the same time, the bank’s stock has fallen 21% in a year. Its market cap is 60.45 thousand crores.

Yes Bank’s 1,200+ branches in more than 710 countries

Yes Bank, banking and financial survival provides. The bank has 1,200+ branches, 1300+ ATMs and 8.2 million customers in more than 710 countries. Yes Bank founder is Rana Kapoor. He established this bank in 2004. The bank’s managing director and Chief Executive Officer (CEO) is Prashant Kumar.