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

Updated: May 06, 2025 13:04

Image Source: Swarajya
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
  • The bank dismissed speculation about SMBC’s stake acquisition talks, calling them inaccurate.
  • Yes Bank clarified that it routinely explores opportunities aimed at enhancing shareholder value.
Market Reaction & Share Price Movement
  • Despite the clarification, Yes Bank’s share price surged by 10%, reflecting investor optimism.
  • Reports suggested that SMBC had received RBI approval to acquire up to 51% stake, but Yes Bank denied this claim.
SBI’s Role & Stakeholder Discussions
  • SBI, which holds 24% in Yes Bank, has been seeking a long-term buyer following the bank’s turnaround since 2020.
  • SMBC executives were reportedly in Mumbai last week for high-level discussions with SBI and other key stakeholders.
Regulatory Considerations & RBI’s Position
  • The Reserve Bank of India (RBI) has not officially confirmed any approval for SMBC’s stake acquisition.
  • RBI regulations cap voting rights at 26%, even if SMBC were to acquire a majority stake.
Future Outlook & Strategic Expansion
  • Yes Bank continues to emphasize building its financial strength, posting a net profit of ₹2,406 crore in FY25.
  • The bank continues to be interested in pursuing strategic alliances, but no official acquisition discussions have been finalized.
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

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