Yes Bank Share Price Rises 2% as CCI Clears Sumitomo Mitsui’s 25% Stake Acquisition

Market Performance

On September 3, Yes Bank share price edged up by 2%, touching ₹20 per share in early trade. The move came after the Competition Commission of India granted its approval to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for acquiring up to 24.99% stake in the private lender.

The news added fresh momentum to stock market today, with Yes Bank attracting strong investor interest on the back of this regulatory nod.

Main News – CCI Approval Boosts Sentiment

The CCI confirmed the transaction, noting that the proposed deal involves the acquisition of Yes Bank’s share capital and voting rights by Sumitomo Mitsui Banking Corporation.

• Stake Approved: Up to 24.99%
• Acquirer: Sumitomo Mitsui Banking Corporation (SMBC)
• Parent Group: Sumitomo Mitsui Financial Group (SMFG)

This regulatory clearance marks another significant milestone in Yes Bank’s restructuring journey and positions the Japanese lender as a key strategic investor.

Company Details – About SMBC and Yes Bank Deal

SMBC, a wholly-owned subsidiary of Sumitomo Mitsui Financial Group (SMFG), is part of Japan’s second-largest banking group. With $2 trillion in assets as of December 2024, the group has a strong global presence, making this partnership a major development for Yes Bank.

The deal was first announced on May 9, 2025, when Yes Bank disclosed SMBC’s plan to acquire a 20% stake via a secondary transaction. The structure of the purchase was detailed as follows:

• 13.19% stake to be purchased from State Bank of India (SBI)
• 6.81% stake collectively from seven other banks:
  • Axis Bank
  • Bandhan Bank
  • Federal Bank
  • HDFC Bank
  • ICICI Bank
  • IDFC First Bank
  • Kotak Mahindra Bank

Once completed, SMBC will emerge as the largest single shareholder in Yes Bank.

Leadership Update – RBI Nod on Chairman

Alongside the investment news, the Reserve Bank of India (RBI) also cleared the re-appointment of Rama Subramaniam Gandhi as part-time Chairman of Yes Bank.

• New Term: September 20, 2025 – May 13, 2027
• Experience: 37 years in central banking
• Notable Role: Former RBI Deputy Governor (2014–2017)

This leadership continuity is expected to provide stability at the top level while Yes Bank undergoes its ownership transition.

Summary of the Article

• Yes Bank share price rose 2% to ₹20 on September 3.
• CCI approved SMBC’s acquisition of up to 24.99% stake in Yes Bank.
• The deal traces back to Yes Bank’s May 2025 disclosure.
• SMBC, backed by $2 trillion in assets, will become Yes Bank’s largest shareholder.
• RBI also approved the re-appointment of R. Gandhi as part-time Chairman.

The developments highlight a crucial phase for Yes Bank, signaling stronger backing from a global banking giant while ensuring regulatory and leadership stability.