Japan Sumitomo Mitsui Banking Corp (SMBC) Buys 20% of India Yes Bank for $1.57 Billion at $7.8 Billion Valuation, Founded in 2003 by Rana Kapoor & Ashok Kapur, Key Shareholders are State Bank of India (SBI), ICICI Bank, HDFC Bank, Kotak Mahindra Bank, Axis Bank & Life Insurance Corporation of India
10th May 2025 | Hong Kong
Japan Sumitomo Mitsui Banking Corp (SMBC) has announced to buy 20% of India Yes Bank for $1.57 billion at $7.8 billion valuation. Earlier in 2025 May, Japan Sumitomo Mitsui Banking Corp (SMBC) was reported to be in discussion to buy 51% of India Yes Bank ($6.6 billion market value). Yes Bank was founded in 2003 by Rana Kapoor & Ashok Kapur. Yes Bank key shareholders are State Bank of India (SBI), ICICI Bank, HDFC Bank, Kotak Mahindra Bank, Axis Bank & Life Insurance Corporation of India. Announcement (9/5/25): “Sumitomo Mitsui Financial Group, Inc. (President & Group CEO: Toru Nakashima, hereinafter referred to as the “SMBC Group”) and Sumitomo Mitsui Banking Corporation (President and CEO: Akihiro Fukutome, hereinafter “SMBC”) announced that SMBC has reached an agreement with State Bank of India (Chairman: Challa Sreenivasulu Setty, hereinafter referred to as “SBI”), the state-owned bank of the Republic of India (herein after referred to as “India”) and other financial institutions in India to acquire 20.0% equity stake in YES BANK Limited (CEO: Prashant Kumar, hereinafter referred to as “YES BANK”), a private commercial bank in India, (Purchase consideration: 134.8 billion Indian Rupee, approx. 240 billion yen, PBR 1.4 times) subject to regulatory approvals, and signed definitive agreements. As a result of the investment, YES BANK is expected to become an equity-method affiliate of SMBC Group and SMBC.” Profile – YES BANK, a full-service commercial bank headquartered in Mumbai, offers a wide array of products, services, and digital solutions, catering to Retail, MSME, and Corporate clients. The Bank operates its Brokerage business through YES SECURITIES, a wholly-owned subsidiary of the Bank. The Bank has a pan-India presence including an International Banking Unit (IBU) at GIFT City, and a Representative Office in Abu Dhabi.
“ Japan Sumitomo Mitsui Banking Corp (SMBC) Buys 20% of India Yes Bank for $1.57 Billion at $7.8 Billion Valuation, Founded in 2003 by Rana Kapoor & Ashok Kapur, Key Shareholders are State Bank of India (SBI), ICICI Bank, HDFC Bank, Kotak Mahindra Bank, Axis Bank & Life Insurance Corporation of India “
Japan Sumitomo Mitsui Banking Corp (SMBC) to Buy 51% of India $6.6 Billion Yes Bank, Founded in 2003 by Rana Kapoor & Ashok Kapur, Key Shareholders are State Bank of India (SBI), ICICI Bank, HDFC Bank, Kotak Mahindra Bank, Axis Bank & Life Insurance Corporation of India
7th May 2025 – Japan Sumitomo Mitsui Banking Corp (SMBC) has been reported to be in discussion to buy 51% of India Yes Bank ($6.6 billion market value). Yes Bank was founded in 2003 by Rana Kapoor & Ashok Kapur. Yes Bank key shareholders are State Bank of India (SBI), ICICI Bank, HDFC Bank, Kotak Mahindra Bank, Axis Bank & Life Insurance Corporation of India. Profile – YES BANK, a full-service commercial bank headquartered in Mumbai, offers a wide array of products, services, and digital solutions, catering to Retail, MSME, and Corporate clients. The Bank operates its Brokerage business through YES SECURITIES, a wholly-owned subsidiary of the Bank. The Bank has a pan-India presence including an International Banking Unit (IBU) at GIFT City, and a Representative Office in Abu Dhabi.
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