The agreement reflects the growing foreign interest in the private banking sector of India. | Photo credit: Somashekar Grn
The largest lender in the country, State Bank of India (SBI), said today that it will sell a 13.19 percent participation in Yes Bank to the Mitsui Banking Corporation (SMBC) sumitumate from Japan to ₹ 21.50 per capital action for ₹ 8.89 million rupees.
“We advise that the Executive Committee of the Central Board (ECCB) of the Bank at the meeting held on May 9, 2025 has granted the approval of the divination of 413.44.04,897 capital shares of Yes Bank Limited (YBL), being equivalent to 13.19 percent (approximately) of YBL shares to the Mitsui Sumitomo Banking Banking Corporation ₹ 8888.97.05.285 And Paisa 50 Only (₹ 8.88.97 Crore Approx.), Subject to recipient by the aculatory and spread, “” Speculatory, “” Speculatory, “” Speculicatory, SPULICATORY, “Speculatory,” Speculatory “Speculicatory,” Speculicalyy Sactory, “Speculatory Sactory,” The Aculatory and Splovals, “The Aculatory Sactory”, the notice of Aculatory and Ceplovals.
At the end of March, SBI had a 23.97 percent participation in Yes Bank. SBI’s shares finished the 1 percent higher trade in ₹ 779.40 each in the EEB, while Yes Bank’s shares ended 10 percent more to ₹ 20 each.
(This is a developing story. Review the updates)
Posted on May 9, 2025
