{"id":1294971,"date":"2025-05-13T10:21:00","date_gmt":"2025-05-13T04:51:00","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1294971"},"modified":"2025-05-13T10:21:34","modified_gmt":"2025-05-13T04:51:34","slug":"sbi-sells-13-19-in-yes-bank-to-japanese-investors-for-rs-8889-crore","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/sbi-sells-13-19-in-yes-bank-to-japanese-investors-for-rs-8889-crore\/","title":{"rendered":"SBI Sells 13.19% In YES Bank To Japanese Investors For Rs 8889 Crore"},"content":{"rendered":"\n

In a recent development, the country’s largest bank, the State Bank of India (SBI) announced that it has decided to sell a large number of its shares in Yes Bank to Japan-based Sumitomo Mitsui Banking Corporation (SMBC) on Friday.<\/p>\n\n\n\n

\"SBI<\/figure>\n\n\n\n

SBI Selling 13% Stake In Yes Bank<\/strong><\/p>\n\n\n\n

It appears that SBI’s top committee approved the sale of over 413 crore equity shares, which is about 13.19% of Yes Bank’s total shares at Rs 8,889 crore in their meeting.<\/p>\n\n\n\n

They are planning to sell these shares at a price of Rs 21.50 each.<\/p>\n\n\n\n

This way it would become a total deal worth around Rs 8,889 crore. <\/p>\n\n\n\n

Please note here that the sale will only go through after SMBC receives all the necessary approvals from regulators and authorities as mentioned by SBI said in an exchange filing.<\/p>\n\n\n\n

Earlier SBI acquired Yes Bank share at the request of the Reserve Bank of India (RBI), had acquired shares at Rs 10 a share in March 2020.<\/p>\n\n\n\n

Bring In New Long-term Investor For Yes Bank<\/strong><\/p>\n\n\n\n

Coming to SMBC, it’s one of Japan\u2019s largest banks, boasts total assets of over \u00a5249,700 billion ($1.7 trillion).<\/p>\n\n\n\n

This bank has ita operations across 39 countries, including 15 in the Asia-Pacific region.<\/p>\n\n\n\n

For the unawares, this acquisition is part of SBI\u2019s effort, to bring in a new long-term investor for Yes Bank in collaboration with Citi.<\/p>\n\n\n\n

It seems that several domestic institutions\u2014including HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, and LIC\u2014own a combined 11.34% stake in Yes Bank.<\/p>\n\n\n\n

These institutions are also expected to reduce their holdings, as per a media report<\/a>.<\/p>\n\n\n\n

In the meantime, the foreign direct investment (FDI) rules cap a single foreign entity’s stake in Indian private banks at 15%, and voting rights at 26%. <\/p>\n\n\n\n

RBI seems to have historically made a rare exception when they notably allowed the Fairfax to take a 51% stake in Catholic Syrian Bank in 2018, and DBS to absorb Lakshmi Vilas Bank in 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"

In a recent development, the country’s largest bank, the State Bank of India (SBI) announced that it has decided to sell a large number of its shares in Yes Bank to Japan-based Sumitomo Mitsui Banking Corporation (SMBC) on Friday. SBI Selling 13% Stake In Yes Bank It appears that SBI’s top committee approved the sale […]<\/p>\n","protected":false},"author":27,"featured_media":1294989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[460,5241],"class_list":["post-1294971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-sbi","tag-yes-bank"],"acf":[],"yoast_head":"\nSBI Sells 13.19% In YES Bank To Japanese Investors For Rs 8889 Crore - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/sbi-sells-13-19-in-yes-bank-to-japanese-investors-for-rs-8889-crore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBI Sells 13.19% In YES Bank To Japanese Investors For Rs 8889 Crore - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"In a recent development, the country’s largest bank, the State Bank of India (SBI) announced that it has decided to sell a large number of its shares in Yes Bank to Japan-based Sumitomo Mitsui Banking Corporation (SMBC) on Friday. 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