Acquisitions18 Sept 2025, 01:13 pm
SMBC Completes Acquisition of 20% Stake in YES Bank, Making it the Largest Shareholder
AI Summary
Sumitomo Mitsui Banking Corporation (SMBC) has successfully completed the acquisition of a 20% shareholding in YES Bank through a secondary purchase of shares from State Bank of India (SBI) and other bank investors. This makes SMBC the largest shareholder in YES Bank, while SBI continues as a major shareholder with over 10% holding. The completion of the transaction also saw the induction of two SMBC nominee directors onto YES Bank’s Board. YES Bank is now rated AA- across all four domestic agencies, the highest since March 2020. This milestone represents the largest cross-border investment in Indian private sector bank.
Key Highlights
- SMBC becomes YES Bank’s largest shareholder with 20% stake
- SBI continues as a major shareholder with over 10% holding
- YES Bank now rated AA- across all four domestic agencies
- Largest cross-border investment in Indian private sector bank
- SMBC to reinforce YES Bank’s credibility, governance, and growth potential