Private sector Yes Bank is trying to overcome the crisis. Sumitomo Mitsui Banking Corporation, Japan’s SMBC, has obtained approval to purchase 25 per cent stake in Yes Bank. The central bank of the country has approved this deal itself. The special thing is that after the 25 percent stake, the Japanese venture will not be a promoter of Yes. Many types of guidelines have also come out for this. After this news, Yes Bank shares can be rockets on Monday. Let us also tell you what kind of things have come out about Yes Bank.
Yes Bank gave information
Yes Bank of Private Sector said that RBI has approved Japan -based Sumitomo Mitsui Banking Corporation to get a stake in the bank up to 24.99 percent. Earlier, Yes Bank spoke about the proposal to get a 20 percent stake in the bank on May 9, 2025, with SMBC’s 13.19 percent stake from State Bank of India and 6.81 percent stake from seven other shareholders. Other shareholders include Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank and Kotak Mahindra Bank.
Yes Bank told the stock market that in this regard, we are happy to stating that SMBC has been approved by the Reserve Bank of India (RBI) for acquisition of the bank’s paid share capital/ polling rights through the letter of August 22, 2025. It further stated that this approval is valid for one year from the date of this letter.
SMBC will not be the promoter of the bank
The RBI further clarified that after the said acquisition, SMBC will not be considered as a promoter of the bank. RBI’s approval is subject to other conditions, including the relevant provisions of the Banking Regulation Act, 1949, the Master Guideline (amended from time to time amended) of the RBI on the acquisition of shares or franchise in banking companies, and the provisions of the Foreign Exchange Management Act, 1999. In addition, approval will have to be obtained from the Competition Commission of India (CCI) for the proposed transactions.
Shares may boom
Yes Bank shares can be seen on Monday. Investors can see this news as positivity for Yes Bank. However, on Friday, Yes Bank’s stock closed down 0.77 percent. The bank’s share was closed at Rs 19.28. However, during the business session, the company’s stock reached the lower level of the day with Rs 19.23. By the way, the company’s stock is 52 weeks’ high 24.84 rupees. Since then, the bank’s stock has seen a decline of more than 22 percent.