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SMBC's Rs 13,482 Crore Stake in Yes Bank Targets Q2 FY26 Completion

Japan's Sumitomo Mitsui Banking Corporation becomes Yes Bank's largest shareholder with 20% stake acquisition, pending regulatory approvals.

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Overview

  • Sumitomo Mitsui Banking Corporation (SMBC) will acquire a 20% stake in Yes Bank for Rs 13,482 crore, purchasing shares from SBI and seven other lenders at Rs 21.50 per share.
  • The deal, the largest cross-border banking investment in India, positions SMBC as Yes Bank's largest shareholder and underscores growing foreign confidence in India's banking sector.
  • Yes Bank’s stock surged nearly 9% to Rs 21.74 following the announcement, reflecting renewed investor sentiment.
  • The transaction is subject to approvals from the Reserve Bank of India (RBI) and the Competition Commission of India (CCI), with completion anticipated by Q2 FY26.
  • SBI is set to realize over Rs 4,700 crore in gains from the sale, while analysts note that Yes Bank's profitability metrics will take time to align with industry standards.