18 Oct 2025 | 5 Mins Read
Yes Bank's Q2 milestone: SMBC gains top shareholder status
Flipitmoney
Sumitomo Mitsui Banking Corporation acquired a 24.99% stake in Yes Bank from SBI and other shareholders, becoming the largest shareholder. State Bank of India continues to hold a 10.8% stake. Two SMBC nominee directors were inducted into Yes Bank's governance structure. SMBC has no plans to raise its stake beyond 24.99%. The stake acquisition is part of Yes Bank's next phase of growth.