Yes Bank Share Price: Private Sector Lender's Stock Slips Over 9 per cent Ending Three Session Gaining Spree - Know Why

Yes Bank Share News Today: Shares of Yes Bank Ltd snapped a three-session gaining spree as the stock declined in early trade on June 3. Yes Bank shares declined over 9 per cent to trade at a low of Rs 21.17 apiece on the NSE on June 3. The stock declined after the private sector lender issued a clarification to the exchanges. In its clarification the private sector lender dismissed reports which suggested that it was talking to Japanese banking giant Sumitomo Mitsui Banking Corporation (SMBC).

Yes Bank's share price declined after the bank dismissed reports of SMBC seeking permission from the Reserve Bank of India (RBI) to operate as a wholly-owned unit in India.

"This has reference to a news item appearing in mainstream media dated June 02, 2025, captioned "Sumitomo Mitsui Banking Corporation to seek RBI Yes for licence to operate wholly owned arm– Move Seen As Part of A Plan To Acquire Controlling Stake in Yes Bank"," Yes Bank said in an exchange filing.

The bank also denied reports which claimed that it has held  'road map' discussions with the Reserve Bank of India. Following the clarification, investor sentiment is likely to have turned negative as investors expected further developments on the deal.

Yes Bank-SMBC Deal

Earlier in May, the private sector lender had said that the State Bank of India (SBI) and seven other private banks would pare nearly 20 per cent of their stake to SMBC. As a part of the agreement, SMBC was slated to buy more than 413 crore shares for Rs 13,482 crore. The lenders involved in the stake sale included HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, IDFC First Bank, Federal Bank and Bandhan Bank.

Notably Yes Bank's clarification comes hours ahead of a board meeting. The private sector lender is expected to present fundraising options at the meeting, which include a possible issue of equity shares, debt securities or other instruments. Additionally, the private sector lender might use different modes ranging from private placement to preferential allotment.

SBI is likely to hold a significant number of Yes Bank shares, holding a 10 per cent stake, according to YES Bank's investor presentation. Earlier in 2020, SBI and other lenders acquired a part of YES Bank in March 2020.

Yes Bank Share Price History

Yes Bank's share price has witnessed a rally in recent sessions, gaining over 19 per cent in one month and climbing nearly 8 per cent on a year-to-date (YTD) basis on the NSE. However, shares of the private sector lender have dropped over 1 per cent in the last six months and over 13 per cent in the last year.

Yes Bank shares traded at Rs 21.22 apiece on the NSE, down by 8.85 per cent on the NSE at the time of writing.