SMBC

State Bank of India (SBI) has divested a significant portion of its stake in Yes Bank, raising Rs. 8,889 crore through a strategic transaction with Japan’s Sumitomo Mitsui Banking Corporation (SMBC). The move underscores SBI’s ongoing efforts to streamline its portfolio, unlock value, and maintain a sharper focus on its core operations. For SMBC, the investment highlights growing foreign institutional interest in India’s banking sector, particularly in private lenders undergoing turnaround strategies.

Sumitomo Mitsui Banking Corporation (SMBC), one of Japan’s leading financial institutions, has finalized the acquisition of a 20% equity stake in Yes Bank. The move marks a significant step in deepening bilateral financial cooperation between India and Japan while strengthening Yes Bank’s capital base and growth prospects. The strategic partnership is expected to provide Yes Bank with enhanced global expertise, improved governance standards, and greater access to international markets, while SMBC gains a stronger foothold in one of the world’s fastest-growing banking sectors.

In a landmark development in India’s banking sector, the State Bank of India (SBI) has sold a 13.18% stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for Rs. 8,889 crore. The divestment, executed at Rs. 21.50 per share, transfers 413.44 crore shares to SMBC, which now emerges as the single-largest shareholder in Yes Bank. With this move, SBI trims its holding to 10.8%, signaling a strategic shift away from its earlier rescue role in the private lender.

Sumitomo Mitsui Banking Corporation (SMBC) has sold its stake in Kotak Mahindra Bank in a landmark deal valued at Rs. 6,256 crore. The transaction marks a strategic divestment by the Japanese banking giant, reflecting a portfolio realignment while allowing other investors to increase their holdings in one of India’s leading private sector banks. Market analysts note that such high-profile share sales can influence stock liquidity, valuations, and investor sentiment.

Sumitomo Mitsui Banking Corporation (SMBC) has received approval from the Reserve Bank of India (RBI) to acquire a 24.99% stake in Yes Bank, marking a significant milestone in the private banking sector. Alongside the equity infusion, SMBC will secure two seats on Yes Bank’s board, enhancing its strategic influence over the lender’s governance. This development reflects growing international investor confidence in India’s banking sector and signals potential synergies in corporate lending, technology integration, and risk management.

In a strategic move signaling a reshaping of its investment priorities, the State Bank of India (SBI) has announced the sale of a 13.19% stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for a total consideration of Rs. 8,888.97 crore. The divestment involves over 413 crore shares, priced at Rs. 21.50 apiece, and is contingent on statutory approvals. This marks a significant shift for SBI, which currently holds a 24% equity stake in Yes Bank.