Yes Bank Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ( SEBI Listing Regulations )'.
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Yes Bank informed exchanges that Japan's Sumitomo Mitsui Banking Corporation (SMBC) has received RBI approval (dated August 22, 2025) to acquire up to 24.99% of Yes Bank's paid-up share capital and voting rights. This is higher than the originally proposed 20% stake. The acquisition involves SMBC buying 13.19% from State Bank of India and 6.81% collectively from seven other lender-investors (Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, and Kotak Mahindra Bank). The RBI approval is valid for one year but is subject to compliance with the Banking Regulation Act, RBI's master directions on bank shareholding, FEMA, lock-in norms, and other conditions. Crucially, RBI has clarified that SMBC will not be treated as a promoter of the Bank.
This is a significant positive milestone for Yes Bank, as it removes the key regulatory hurdle and brings a globally reputed Japanese bank closer to becoming its largest shareholder, which is likely to boost investor confidence. However, the deal still requires Competition Commission of India (CCI) approval and satisfaction of other customary conditions before completion.