Archive · 19 Sep 2025
SMBC Completes Yes Bank Stake Buy, Names Directors
SMBC, a Japanese bank, bought a 20% share of Yes Bank.
They bought the shares from State Bank of India and other banks.
Because of this, SMBC is now the biggest shareholder of Yes Bank.
SBI still owns more than 10% of the bank.
SMBC has added two new directors to the board.
One is Shinichiro Nishino and the other is Rajeev Veeravalli Kannan.
Because of this transaction, Yes Bank has received a better credit rating from several rating agencies.
SMBC acquired a 20% stake in Yes Bank.
SMBC is now the largest shareholder in Yes Bank.
SBI remains a major shareholder with over 10% holding.
Shinichiro Nishino and Rajeev Veeravalli Kannan are appointed as directors.
Yes Bank received a rating upgrade from domestic credit rating agencies.
- Who
- Sumitomo Mitsui Banking Corporation (SMBC) and Yes Bank
- What
- SMBC acquired a 20% stake in Yes Bank
- When
- The stake acquisition was completed, with director appointments effective September 18.
- Where
- Yes Bank
- Why
- Not explicitly stated
- Buyer
- Sumitomo Mitsui Banking Corporation (SMBC)
- Seller
- State Bank of India (SBI) and other banks
- Stake Acquired
- 20%
- New Directors
- Shinichiro Nishino, Rajeev Veeravalli Kannan
- SBI's Stake
- Over 10%
- Rating Upgrade
- AA- from Crisil, ICRA, India Ratings, and CARE