18 Sep 2025 | 5 Mins Read
SBI sells 13.18% Yes Bank stake to Japan's SMBC
Flipitmoney
Japan's Sumitomo Mitsui Banking Corporation (SMBC) acquired 13.18% stake in Yes Bank from State Bank of India (SBI), with a broader plan to raise its holding to 25% by taking additional stakes from private shareholders and the RBI-approved upper limit of 24.99%. SMBC agreed to acquire 4.2% stake from CA Basque Investments and has nominated two directors to Yes Bank's board.