SBI divests 13.18% stake in Yes Bank to SMBC for ₹8.89 bn

State Bank of India (SBI) announced the completion of the divestment of its 13.18% stake in Yes Bank Limited (YBL) to Sumitomo Mitsui Banking Corporation (SMBC). The transaction, which involved 4,134,404,897 equity shares at ₹21.50 per share, amounts to a total consideration of ₹8,888,970,5285.50. This divestment followed the approval by the Executive Committee of the Central Board (ECCB) on May 9, 2025.

The transfer of shares was finalized on September 17, 2025, after SMBC secured the necessary regulatory approvals from the Reserve Bank of India on August 22, 2025, and the Competition Commission of India (CCI) on September 2, 2025. This fulfills the customary conditions precedent outlined in the share purchase agreement dated May 9, 2025.

For SBI, this sale contributed ₹8,888.97 crore. The divested stake represented approximately 0.66% of the P&L of the SBI Group and 0.53% of the SBI Group's Reserve & Surplus in the last financial year. SMBC, the acquirer, is a Japanese multinational financial services company and is not classified as a promoter or promoter group entity of SBI.