Archive · 1 Jul 2025
SMBC Seeks CCI Nod for Yes Bank Stake, Largest Cross-Border Banking Deal
A Japanese bank called SMBC wants to buy a big part of Yes Bank, a bank in India.
This deal is worth a lot of money and is the biggest one ever like it in India.
SMBC is buying shares from other banks that had previously helped Yes Bank.
Before SMBC can buy these shares, the government needs to check if it will hurt competition.
The CCI, a government group, will decide if SMBC can become the single biggest shareholder in Yes Bank.
SMBC seeks CCI approval to acquire 20% of Yes Bank for Rs 13,483 crore.
The deal is the largest cross-border investment in India's banking sector.
SMBC is acquiring stakes from SBI and a consortium of other lenders.
SBI will dilute 13.19% of its stake for Rs 8,889 crore.
The CCI is reviewing the acquisition's potential impact on market competition.
- Who
- Sumitomo Mitsui Banking Corporation (SMBC) and Yes Bank.
- What
- SMBC is seeking CCI approval to acquire a 20% stake in Yes Bank.
- When
- The deal was announced recently, with CCI reviewing the proposal.
- Where
- India.
- Why
- SMBC seeks to become the single largest shareholder of Yes Bank.
Market Competition
Market Approval
Competition Concerns
Market Competition
SMBC and Yes Bank believe that the deal poses no threat to market competition.
Market Approval
The CCI is assessing whether the acquisition might negatively impact competition.
- Buyer
- Sumitomo Mitsui Banking Corporation (SMBC)
- Target
- Yes Bank
- Stake Acquired
- 20%
- Deal Value
- Rs 13,483 crore
- SBI Stake Dilution
- 13.19%
- SBI Deal Value
- Rs 8,889 crore
- CCI Involvement
- Reviewing the acquisition
