State Bank of India Sells Yes Bank Stake
Analysis based on 6 articles · First reported Sep 17, 2025 · Last updated Sep 17, 2025
The completion of State Bank of India's stake sale in Yes Bank Limited to Sumitomo Mitsui Banking Corporation is a positive development for the Indian banking sector, signaling increased foreign investment and strengthening Yes Bank Limited's financial position. This transaction led to a rise in State Bank of India's share price.
State Bank of India, India's largest lender, announced the completion of the sale of approximately 13.18% stake in Yes Bank Limited to Japan's Sumitomo Mitsui Banking Corporation for ₹8,888.97 crore. This divestment reduces State Bank of India's holding in Yes Bank Limited to about 10.8%. Sumitomo Mitsui Banking Corporation, part of the SMBC Group, is now a strategic partner in Yes Bank Limited. The transaction, which received approvals from the State Bank of India and the India — Election Commission of India, is considered the largest cross-border investment in the Indian banking sector. State Bank of India had become the largest shareholder in Yes Bank Limited in March 2020 as part of a reconstruction scheme supported by the Government of India and the State Bank of India, aimed at protecting customer interests.
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