Sumitomo Mitsui gets RBI nod to Acquire Majority Stake in Yes Bank

Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has got the permission of RBI to acquire majority 51% stake in Yes Bank. After this approval, according to reports, SMBC has started talks to acquire State Bank of India’s (SBI) 20% stake in Yes Bank. Total stake that SBI currently holds in Yes Bank is 23.97%.

An Open Offer Likely if Acquisition Goes Through

If the acquisition of 20% stake from SBI goes through, then SMBC may have to go for an open offer for acquiring further stake in the bank. Existing investors in Yes Bank include Axis Bank, Kotak Mahindra Bank, Carlyle etc.

SMBC is a multinational Japanese banking and financial services company.

At 10:34 a.m. IST, 6th May, 2025, Yes Bank’s stock price was up by 3.05% at Rs 18.27 per share. 52-week high price of the stock is currently Rs 27.44. The stock’s price is down by 6.93% year-to-date (YTD) in 2025. Nifty 50 index is down by 0.32% at this time in the day.