SMBC to Acquire Yes Bank Stake: SBI and Others to Gain

A Japanese bank called SMBC is buying a part of Yes Bank from other banks in India.

SBI, the biggest bank in India, is selling some of its shares and will make a lot of money.

Other banks like HDFC Bank and ICICI Bank are also selling some of their shares and will gain money too.

It's like these banks are selling parts of their company to another company, and they get money in return.

This deal will change the ownership of Yes Bank, with a new company now having a big part of it.