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SMBC to up stake in Yes Bank to nearly 25%
Sumitomo Mitsui Banking Corporation (SMBC) is set to raise its stake in Yes Bank from 20% to nearly 25% by investing ₹4,000 crore in fresh capital by December.
The move, approved by the RBI, will make SMBC the main player in this round of funding.
Investment part of Yes Bank's ₹16,000 crore capital raise
This investment is part of Yes Bank's larger plan—announced June 2024—to strengthen its finances with ₹16,000 crore through equity and debt.
With Citigroup advising on the deal, SMBC's bigger role signals growing confidence and influence in Yes Bank's future direction.