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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Yes bank: Yes Bank said on Saturday that the Reserve Bank of India (RBI) has approved the proposal to purchase a share of up to 24.99 % of Japan’s bank Sumitomo Mitsui Banking Corporation.

Citing the information given in the stock exchange on 9 May, Yes Bank said that the SMBC has proposed to buy 20 percent stake in the bank through the second market. These include 13.19 percent and seven other shareholders from State Bank of India – Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank and Kotak Mahindra Bank to procure 6.81 percent joint stake. After the acquisition, SBI’s stake in Yes Bank will be 10.2 percent.

How long will the approval remain valid?

Yes Bank has said that this approval will remain valid for up to one year from August 22, 2025. The Reserve Bank has also said that after this acquisition, SMBC will not be considered a promoter of the bank.

The SMBC Sumitomo is a fully owned subsidiary of the Sumitomo Mitsui Financial Group (SMFG), which is the second largest in Japan and the 14th largest banking group in the world. Its net worth is around $ 2 trillion US $.

It provides services related to banking, leasing, securities, consumer finance and credit cards. Sources who have been aware of the case had told the Reuters last month that the SMBC is also seeking approval to purchase an additional 4.9 percent stake in Yes Bank.

Yes Bank shares

Yes Bank shares declined on Friday, the last trading day of the week. On this day, it was closing at the level of Rs 19.28 with a decline of 0.77 percent in BSE. In the last one year, the bank shares have declined by more than 21 percent. However, in the last 5 years, bank shares have also gained 23 percent lead. Its 52-Veek high level is Rs 24.84 and 52-wheel’s low level is Rs 16.02. The bank’s market cap is 60,480.60,480.45 rupees.

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