Yes Bank Share: Yes Bank shares jumped 5% to ₹ 20 on Monday. The reason for this is a deal, which can strengthen the bank’s capital strength and global connection. Let’s know the one -year performance of the stock and what now?
Yes bank share news: Yes Bank shares witnessed a huge jump in the stock market on Monday. On Monday, August 25, the share price climbed to 5% to level of Rs 20 as soon as the market opened. This boom came when the Reserve Bank of India (RBI) approved the Japanese’s legendary financial organization Sumitomo Mitsui Banking Corporation (SMBC) to get 24.99% stake in the bank and voting rights. Let’s know 1 year performance of the share and details of RBI approval …
How was the performance of Yes Bank Share in the last one year?
Yes Bank shares have been quite Volatil for the last one year. The stock has climbed more than 3% in the last 5 trading sessions. About 11% has increased in 6 months. However, in the last 1 year, the stock has fallen by 18%. This ups and downs are constantly bringing both concern and opportunities to investors.
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Full details of RBI approval in Yes Bank
Yes Bank said on Saturday, August 23 that RBI has allowed Japanese bank SMBC to buy large stake. However, the RBI has made it clear that even after this stake, SMBC will not be considered a promoter of Yes Bank. The company said in its exchange filing, 13.19% stake will be purchased from State Bank of India (SBI). The 6.81% stake will be purchased from seven major shareholders Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank and Kotak Mahindra Bank. The deal is part of the SMBC’s long -term strategy to increase its presence in India.
RBI approval validity and limit in Yes Bank
This approval of RBI will be valid for one year from 22 August 2025. The SMBC will be able to buy a maximum of 24.99% stake and voting rights. Despite this, SMBC will not get the promoter status of the bank. The deal will help strengthen capital base for Yes Bank and increase global banking connections. The financial status and reliable image of Japanese banks may further raise the credibility of Yes Bank in the Indian market. However, in view of the previous volatility of the stock, investors will still have to be cautious.
Disclaimer: This article is only for information. The information given in it is not any kind of investment advice. Investment in the stock market is subject to risk. Consult your financial advisor before investment.
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