SBMC receives RBI nod for 25% stake acquisition in Yes Bank, not to be classified as promoter

August 23, 2025

The Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation’s (SMBC) acquisition of up to 24.99% stake in Yes Bank, though SMBC won’t be classified as a promoter. This follows SMBC’s plan to increase its holding to 20% through a secondary purchase from State Bank of India and seven other shareholders.

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