State Bank of India Divests 13.18% Stake in Yes Bank Limited to Sumitomo Mitsui Banking Corporation

State Bank of India (SBI) has completed the divestment of a 13.18% stake in Yes Bank Limited (YBL) to Sumitomo Mitsui Banking Corporation (SMBC) for a consideration of approximately Rs.8888.97 crores. The transaction was completed on 17th September 2025, following the receipt of regulatory approvals and the satisfaction of customary conditions precedent. SBI received Rs.8,888.97 crore from the acquirer. SMBC is a Japanese multinational financial services company and does not belong to the promoter/promoter group/group companies of SBI.