Anil Ambani News: Veteran industrialist Anil Ambani’s troubles are showing no sign of abating. Now the Central Bureau of Investigation (CBI) has made another shocking revelation about him. The CBI charge sheet against Anil Ambani’s Reliance ADA Group and Yes Bank co-founder Rana Kapoor has alleged transactions between the companies of the two families.

Big revelation in CBI charge sheet

According to the Economic Times (ET) report, the charge sheet also states that Ambani’s son Jai Anmol Ambani was involved in some decisions related to these transactions. The chargesheet, filed in 2022, is based on two criminal cases filed by the Chief Vigilance Officer of Yes Bank against former Yes Bank MD and CEO Rana Kapoor and Reliance Group’s Reliance Commercial Finance Limited (RCFL), Reliance Home Finance Limited (RHFL) and others.

The investigation found that Yes Bank invested Rs 2,045 crore in debentures and commercial papers of RCFL and Rs 2,965 crore in RHFL in 2017, which were approved by Rana Kapoor, while Care Ratings had placed ADA Group under observation due to its weak financial position. Later this amount was diverted at many levels, due to which public money was misused.

money transaction between two

CBI says that during that period, several money transactions took place between ADA Group companies, Yes Bank and Reliance Nippon Asset Management. On one hand, ADA Group companies received funds from Yes Bank and on the other hand, Yes Bank made a major investment in its capital instruments from Reliance Nippon Mutual Fund (RNMF), which at that time was a subsidiary of Reliance Capital along with Nippon Life Insurance of Japan.

RNMF also invested Rs 1,160 crore in debentures of Kapoor family company Morgan Credits Private Limited in 2017-18. Additionally, it purchased ADA Group debentures worth Rs 249.80 crore from Yes Bank and invested Rs 1,750 crore in unsecured AT1 bonds of Yes Bank, which can be converted into equity or written-off during the financial crisis.

In this way, Ambani and Kapoor together created a system by which both could help each other financially and maintain a flow of money. The investigation found that Rana Kapoor and Anil Ambani together diverted the funds received from Yes Bank to the financially weak ADA Group companies. In return, ADA Group provided low-interest loan facilities and investments to the companies of Kapoor’s wife Bindu Kapoor and daughters Radha and Roshni Kapoor.

Anil Ambani’s son’s name also surfaced

The chargesheet also stated that Ambani’s son Jai Anmol Ambani directly influenced the investment decisions in RNMF while the company was preparing to be listed on the stock exchanges. CBI says that RNMF had huge funds received from common investors, which it could have invested in long-term debt instruments. However, market regulator SEBI regulations prevent mutual funds from investing in long-term debt investments.

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Yes bank: Japan’s Sumitomo Mitsui Banking Corporation (SMBC) now has the largest stake in Yes Bank. Yes Bank has informed on Tuesday that SMBC has won 4.22 percent in the bank and has won. With this, the SMBC stake in Yes Bank has now increased from 20 percent to 24.22 percent.

Shares obtained through off-market cell

Yes Bank has said in a regulatory filing that SMBC won 132.39 crore shares of the bank on September 22 through off-market sales. With this deal, the number of bank shares with SMBC has increased to 759.51 crore shares. Now SMBC is the largest shareholder of Yes Bank. The State Bank of India (SBI) has an important stake of more than 10 %. Whereas there was a time when SBI had 24 percent stake in Yes Bank.

With this, now during the trading session on Wednesday, there can be a stir in the shares of Yes Bank. Yes Bank said that SMBC has taken this step to speed up the investment between Japan and India, to accelerate corporate banking, treasury service and cross-border solution. In addition, Yes Bank said that four domestic credit rating agencies – Crisil, ICRA, India Ratings and Care – have now rated it AA.

SBI had announced to sell share in bank

Last week, the country’s largest bank SBI had announced to sell about 13.18 percent of Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for Rs 8,888.97 crore. The SMBC has entered into an agreement to increase its equity share at Yes Bank with CA Basque Investments, the Global Investment firm Carclail Group, to increase its equity share at 4.22 percent higher. Shortly before Korona’s arrival in March 2020, RBI and the government took necessary steps to keep Yes Bank in the market. Under this, banks led by SBI won 79 percent stake in Yes Bank, helping to maintain it.

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CBI Files Chargesheet Against anil Ambani: In the bank fraud case of about 2.8 thousand crore rupees, the legal grip of the central investigative agencies has intensified. The CBI on Thursday filed a charge sheet in Mumbai’s special court against several companies including Anil Dhirubhai Ambani, Yes Bank co-founder Rana Kapoor, his wife Bindu Kapoor and daughters Radha and Roshni.

It is alleged from the CBI that despite the warning of credit agencies, the companies of Anil Ambani Group were invested on a large scale and the Yes Bank was damaged. Earlier, the CBI has also investigated against DHFL promoters Kapil Wadhavan and Dheeraj Wadhawan in the Yes Bank Loan Fraud case. This case is now going on in court under Criminal Conspiracy and Banking Fraud.

Increased screws of central agencies

The CBI had registered the case in 2022, with the main allegations that in 2017, on the instructions of Rana Kapoor, Yes Bank invested extensively in ADA group companies RCFL and RHFL, while credit rating agencies warned of their financial performance. It is alleged that these investments were later used to withdraw the benefits of “multi-layer” money, in which the bank lost crores of rupees.

The charge sheet has been approved in a special court in Mumbai. At present, no discharge petition of any accused in this case has been heard, because the charge sheet has been served. The court process is now in the beginning stage, which will include evidence of allegations, investigation of documents and reaction by the accused side. The next court date has not been declared publicly, but there are possibilities that the court will soon carry forward the hearing of the case.

What is the charge in the charge sheet?

It is alleged that Yes Bank suffered heavy losses due to collusion between Rana Kapoor and Anil Ambani Group companies. Despite the warning of credit agencies, invested in RCFL (Reliance Commercial Finance Ltd.) and RHFL (Reliance Home Finance Ltd.). The investment amount was allegedly diverted and used by diverting through “Multi-Layred Transactions”. Accused of deliberately bypassing rules in loan approval and investment decisions.

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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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Yes bank – buksha arc deal: A special audit report, investigating the old transactions of the YES Bank, has indicated serious procedural flaws and suspected use of funds in a large loan deal of ₹ 500 crore. The case is of 31 March 2017, when the bank sold a poor loan of about ₹ 523 crore (including interest) of Housing Development and Infrastructure Limited (HDIL) to ₹ 518 crore to the security asset reconstruction company (ARC) for ₹ 518 crore.

The bank claimed that it received a 15% cash margin, but the audit investigation found that the amount was probably indirect from the same bank – that is, the buyer, the company got the money from the bank for shopping. The audit report has described it as a suspicion of “fund round-tripping”.

Scam revealed in special audit

According to the investigation, just before the deal, the YES Bank, a security group company Fortune Integrated Assets Service Ltd. Approved a term loan and cash credit facility of ₹ 199 crore. In March 2017, this cash credit limit was increased by ₹ 100 crore. It is alleged that a part of this fund reached the account of security ARC directly, which paid for purchasing HDIL loan.

The report states that such transactions are a serious threat to the bank’s internal control system and risk management. In many cases, companies associated with groups were allowed to fill cash margins in the ARC deal, weakening the real purpose of selling bad loans. The special audit also revealed that there was neither open bidding nor independent valuation in this deal. Even some SMA-2 category accounts, which were on the verge of becoming NPAs, were also sold without market investigation.

NPA sold after breaking rules

Security ARC, between 2016 and 2018, emerged as the biggest buyer of the distributed assets of YES Bank. In FY 2017, this ARC alone bought 98% of the bank’s assets, which raised questions of possible bias. HDIL loans had 14.25% interest and additional 2% penalty. When the security ARC claimed its claim in the insolvency process, this amount had increased to about ₹ 700 crore. But according to the proposed solution plan, ARC is expected to get only about ₹ 150 crore – ie loss of more than 75%.

These conclusions re -raise questions on the loan and reorganization decisions taken before the YES Bank 2020. After the report surfaced, the eyes of regulatory agencies and investigating officers are on this deal. If the investigation proved to be a disturbance in the investigation, then this matter can become not only the bank and security ARC but also the major change for the entire asset recovery sector.

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A big turn for Yes Bank is going to come, the bank’s CEO Prashant Kumar has revealed that Japan’s famous Sumitomo Mitsui Banking Corporation (SMBC) is now going to buy 20 per cent stake in the bank and the deal will be completed by the second quarter of 2025-26.

What did Yes Bank say?

Yes Bank’s managing director and CEO, Prashant Kumar said in a conversation with CNBC-TV18, “There was a kind of pressure on the bank till now. We needed a strong strategic partner. This deal with SMBC is a big step in our transformation journey.”

Who is selling stake?

The deal will buy YES Bank stake from SMBC, SBI and 7 other big banks, including Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, ICICI Bank, IDFC First Bank and Kotak Mahindra Bank.

Deal value?

The value of this deal will be around 13,483 crore. It is being called the largest foreign investment deal ever in the Indian banking sector. But the deal is yet to be approved by RBI and CCI. But if all goes well, then it can prove to be a gamechanger for Yes Bank.

What will happen next?

Prashant Kumar says, “This investment of SMBC is a sign of trust on our strength. With this we will be able to move fast in the second phase of our transformation.” He also added that the vision of SMBC is long-term, that is, it is not just a money deal, but a strategic partnership.

Rating will improve, funding will increase

CEO said that this deal will improve the credit rating of the bank, which will also prevent big corporates and government institutions to work with the bank. He said, “Today many institutions work with only those banks who have a minimum rating. With the SMBC, we will be able to cross that blockage with partnership with SMBC.”

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Yes bank: Today, on Tuesday, there was a special movement in the shares of Yes Bank. In early trade, Yes Bank shares reached the National Stock Exchange (NSE) with a jump of 9.6 percent to Rs 19.44 per share. However, there was some decline in the afternoon business. The bank’s shares are trading at Rs 18.11 per share with some decline. Yes Bank shares closed at Rs 17.73 per share in the last business session.

Deal is being done with Japan company

In fact, Japan’s Sumitomo Mitsui Banking Corp (SMBC) is undergoing talks with the bank to buy 51 percent stake in YES Bank. If the matter is confirmed on the deal, it will probably be considered the biggest deal in India’s banking sector so far. Earlier in the year 2020, Lakshmi Vilas Bank, who was struggling with poor financial condition, was merged with DBS Bank in Singapore. After this, such a big deal has not yet been done in the banking sector of the country.

Screw is stuck on this thing

SMBC, the unit of Japan’s second largest bank Sumitomo Mitsui Financial Group, has been interacting with Yes Bank’s largest Investor State Bank and Reserve Bank, but the talk on ownership and voting rights is stuck. It is being told that SMBC has received approval from RBI to purchase 51 percent stake in Yes Bank. It is also being told that SMBC is also in talks with SBI to finalize this deal.

There will be a deal in this

According to the report, the deal can be valued at $ 1.7 billion (about Rs 14,000 crore). Sumitomo will either buy less than 26 % stake and will merge through the share swap or bring an open offer by purchasing 26 percent stake. This can provide the control of the bank to Sumitomo, which will be a big strategic change.

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