Archive · 24 Aug 2025
RBI Approves SMBC to Acquire Yes Bank Stake
The Reserve Bank of India (RBI) has given permission for Sumitomo Mitsui Banking Corporation (SMBC) to buy up to 24.99% of Yes Bank.
This approval, which lasts for a year from August 22, 2025, means SMBC can purchase 20% of shares from existing shareholders, including State Bank of India and other banks.
SMBC won't be in charge of Yes Bank.
However, the deal needs approval from the Competition Commission of India (CCI).
RBI approved Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% stake in Yes Bank.
The approval is valid for one year from August 22, 2025.
SMBC will not be treated as a promoter of Yes Bank.
SMBC is acquiring a 20% stake through secondary purchases.
The deal requires approval from the Competition Commission of India (CCI).
- Who
- Sumitomo Mitsui Banking Corporation (SMBC) and Yes Bank.
- What
- RBI approved SMBC to acquire up to 24.99% stake in Yes Bank.
- When
- The approval was granted on August 22, 2025, and is valid for a year.
- Where
- India
- Why
- No explicit reason provided in the article.
- Investor
- Sumitomo Mitsui Banking Corporation (SMBC)
- Bank
- Yes Bank
- RBI Approval
- Up to 24.99% stake
- Approval Date
- August 22, 2025
- CCI Approval
- Required
Sources
Yes Bank stake sale to Sumitomo gets RBI nod
SMBC receives RBI approval to acquire up to 24.99% stake in YES Bank
RBI clears SMBC’s plan to acquire up to 24.99% stake in Yes Bank
Japan’s Sumitomo gets RBI nod for 24.99% stake in Yes Bank
Yes Bank gets RBI's approval for 24.99 pc stake acquisition by Japan's SMBC
Yes Bank share price to be in focus on Monday; here's why
