Banking Blockbuster: Federal Bank’s ₹3,500 Crore Yes Bank Stake Sold to Japan’s SMBC in Power Move!

Unknown Apr 02, 2026 1,000 Views

Federal Bank Ltd has made a significant strategic action by selling its entire shareholding of 16,62,73,472 shares of Yes Bank Limited to Japan's Sumitomo Mitsui Banking Corporation (SMBC) for ₹21.50 per share. The transaction, finalized under a letter agreement on May 9, 2025, is a critical...