SMBC in talks to buy stake in India's Yes Bank, Economic Times reports
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2025
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Should l Buy ?
Source: Reuters
SMBC's Stake Acquisition: Japan's Sumitomo Mitsui Banking Corp is in advanced talks to acquire a stake in India's Yes Bank, which could lead to an open offer for an additional 26% of the bank.
Yes Bank's Financial Background: Yes Bank was restructured in March 2020 due to financial issues, and State Bank of India is reportedly looking to sell its 24% stake, with SMBC being one of the potential buyers.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
