Saralnama24.99% is the maximum stake Japan's Sumitomo Mitsui Banking Corporation (SMBC) plans to hold in Yes Bank., an SMBC official stated they have no intention to increase their shareholding beyond this limit. This news caused Yes Bank's stock to fall 3.37%, closing at ₹22.34. SMBC had previously bought a 20% stake in Yes Bank for ₹13,483 crore in May, one of the largest foreign investments in Indian banking. Yes Bank operates over 1,200 branches across 710+ locations, serving 8.2 million customers. The bank was founded by Rana Kapoor in 2004, with Prashant Kumar as its current MD and CEO. (Updated 17 Oct 2025, 17:11 IST; source: link)
Key Points
- 24.99% is the maximum stake Japan's Sumitomo Mitsui Banking Corporation (SMBC) plans to hold in Yes Bank
- On 25 Aug, an SMBC official stated they have no intention to increase their shareholding beyond this limit
- This news caused Yes Bank's stock to fall 3.37%, closing at ₹22.34