RBI Approves SMBC's Acquisition of 24.99% Stake in Yes Bank

Yes Bank Ltd. has informed the stock exchanges about the approval received from the Reserve Bank of India (RBI) for Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% of the paid-up share capital/voting rights of the bank. The approval is valid for one year from August 22, 2025, and SMBC will not be treated as a promoter post-acquisition. The acquisition is subject to approval from the Competition Commission of India (CCI) and customary conditions precedents. The bank has also mentioned that the RBI approval is subject to compliance with various regulations, laws, and terms including lock-in and subsequent transactions being subject to conditions.