Yes Bank Share Price Jumps Up To 5% After RBI Gives Nod To Japan’s SMBC To Increase Stakes

Yes Bank shares jumped up to 4.77 per cent to Rs 20.20 apiece on the NSE after the Reserve Bank of India (RBI) approved Japan’s banking giant Sumitomo Mitsui Banking Corporation’s (SMBC) plan to increase its stake in the private lender.

As of 11:10 AM, Yes Bank’s shares traded at Rs 19.66 per share, up 2 per cent from previous close.

In an exchange filing, Yes Bank said RBI has allowed SMBC to acquire up to 24.99 per cent of its paid-up share capital or voting rights. This approval is valid for one year from August 22, 2025. RBI also said that SMBC will not be treated as a promoter of the bank following the stake acquisition.

More Regulatory Hurdles Ahead

SMBC has secured RBI's approval, however, the deal is not finalised yet. It still needs clearance from the Competition Commission of India (CCI).

The RBI approval is also subject to compliance with the Banking Regulation Act, 1949, relevant RBI directions on acquisition of bank shares, and applicable foreign exchange and securities laws.

SBI, 7 Other Banks To Sell Stakes

SMBC will be buying a 20 per cent stake in Yes Bank through secondary share sales. This includes a 13.19 per cent from State Bank of India (SBI) and a combined 6.81 per cent from seven other banks, including Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank and Kotak Mahindra Bank.

SBI currently holds 23.96 per cent stake in Yes Bank. After the sake sale, SBI will be left with 10.77 per cent.

About SMBC

SMBC is owned by the Sumitomo Mitsui Financial Group, one of the largest financial institutions in the world.

As per its official website, the bank had total assets of ¥257,602.7 billion (nearly Rs 153 lakh crore), deposits worth ¥159,731.7 billion (nearly Rs 94.72 lakh crore), and loans and bills discounted of ¥104,515.6 billion (nearly Rs 61.97 lakh crore) on a non-consolidated basis, as of March 31, 2025.