YES Bank’s share price rallied 8.4% to an intra-day high of Rs 21.70 on the National Stock Exchange. The stock price increased after Japan’s Sumitomo Group agreed to acquire 20% stake in the private lender. This could be the largest cross-border investment in India’s banking sector.
Sumitomo Mitsui Banking Corporation (SMBC) will acquire a 13.19% stake in Yes Bank from State Bank of India and 6.8% from other bank shareholders like HDFC Bank, Axis Bank, Bandhan Bank, IDFC First Bank, Federal Bank, ICICI Bank, and Kotak Mahindra Bank. SBI held a 23.97% stake in Yes Bank as of March 2025.
SMBC entered into an agreement to purchase the stake through a secondary stake purchase valued at around Rs 13,483 crore. The Japanese company bought the shares at a price of Rs 21.50 per equity share.
“…we advise that the Executive Committee of the Central Board (ECCB) of the Bank in the meeting held on 9th May, 2025 has accorded approval to divest 413,44,04,897 equity shares of Yes Bank Limited (YBL), being equivalent to 13.19% (approx.) of YBL shares to Sumitomo Mitsui Banking Corporation (SMBC), at Rs 21.50 per equity share, for a consideration of Rs 8888,97,05,285 and paisa 50 only (Rs.8888.97 crores approx.),” said SBI in an exchange filing on May 09.
Yes Bank Q4 result
The bank reported a jump of 63.3% year-on-year in standalone net profit to Rs 738 crore in Q4FY25. Its net interest income (NII) grew by 5.7% YoY to Rs 2,276.3 crore in the last quarter of the financial year 2024-25.
Its interest income stood at Rs 7,616 crore, up 2.3% YoY, while net non-performing assets (NPA) declined to 0.3%, from 0.5% in the previous quarter. The bank’s gross NPA remained steady quarter-on-quarter at 1.6% in Q4, however, provisions increased by 23% sequentially to Rs 318.1 crore.
Yes Bank’s stock performance
The share price of Yes Bank has risen 9.2% in the last five trading days. The stock has given a return of almost 17% in the past one month and 3.5% in the last six months. However, Yes Bank’s share price has erased 8% of investors’ wealth in the previous one year.