Yes Bank Clarifies Reports on SMBC Stake Purchase Talks, Calls Speculation 'Not Factually Correct'

Yes Bank Ltd has made a clarification on reports that Japan's Sumitomo Mitsui Banking Corporation (SMBC) is in discussions with SBI to buy a stake in Yes Bank. The bank said that the article information is speculative and not factually correct, adding that such talks are preliminary and do not call for a disclosure.

 

Yes Bank’s Official Statement

Market Reaction & Share Price Movement

SBI’s Role & Stakeholder Discussions

Regulatory Considerations & RBI’s Position

Future Outlook & Strategic Expansion

This assurance from Yes Bank strengthens its commitment to transparency, guaranteeing stakeholder confidence in the face of market rumors.

 

Sources: MSN, Economic Times, Moneycontrol, CNBC TV18