18 Sep 2025 | 5 Mins Read
SMBJ purchases 20% Yes Bank stake, claiming majority ownership
Flipitmoney
Sumitomo Mitsui Banking Corporation (SMBC) acquired a 20% stake in Yes Bank, becoming its largest shareholder, alongside State Bank of India (SBI) holding over 10%. SMBC's global strengths in trade and investment will leverage Yes Bank growth in corporate banking, treasury services, and cross-border solutions. Two SMBC directors joined Yes Bank's board.