By Admin 
Yes bank share: Sumitomo Mitsui Banking Corporation (SMBC) of Japan has received approval from the Reserve Bank of India (RBI) to purchase a 24.99 percent stake in Yes Bank. Along with this, Yes Bank shares are going to be in focus on Monday. Earlier, the bank’s shares fell 0.77 percent on the NSE to Rs 19.28 per share on the last trading day of the previous week.
Will buy stake through secondary market
Yes Bank has informed on July 9, 2025 that the SMBC has proposed to buy a stake in the bank through the secondary market. It will buy 13.19 percent stake from State Bank of India. While 6.81 percent will buy from seven other shareholders. Other shareholders include Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank and Kotak Mahindra Bank.
How long will the approval remain valid?
Yes Bank said in its regulatory filing, “We are happy to say that SMBC has got approval to purchase the bank’s 24.99 percent stake on 22 August through a letter from the Reserve Bank.” This approval will remain valid for 22 August to 1 year. Yes Bank said, “RBI has clearly stated that after the said acquisition, SMBC will not be considered as a promoter of the bank.
RBI approval is subject to these conditions
RBI’s approval is subject to other conditions, including the relevant provisions of the Banking Regulation Act, 1949, the RBI master instructions and guidelines (timely amended), Forex Management Act, 1999 compliance on the acquisition of shares or voting rights in banking companies, acquisition and voting rights in banking companies.
Let us know that SMBC Sumitomo is a fully owned subsidiary of Sumitomo Mitsui Financial Group (SMFG). It is the second largest in Japan and the 14th largest banking group in the world, with a net worth of about $ 2 trillion US $.
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