Mon May 12 03:50:00 UTC 2025: **Major Indian Banks Rake in Billions from Yes Bank Stake Sale to Japanese Firm**
**Mumbai, May 12** – Several leading Indian banks have realized significant profits from the sale of their stakes in Yes Bank to Sumitomo Mitsui Banking Corporation (SMBC), a Japanese financial institution. SMBC announced its acquisition of a 20% stake in Yes Bank from an SBI-led consortium, triggering a flurry of activity among the participating lenders.
The State Bank of India (SBI), the largest lender in India, sold 13.2% of its Yes Bank holding, netting approximately ₹9,000 crore (approximately $1.1 billion USD) and a profit of ₹4,760 crore. SBI retains a 10.8% stake.
Other major beneficiaries include HDFC Bank (₹1,300 crore sale, ₹690 crore profit, 0.8% remaining stake), ICICI Bank (₹1,130 crore sale, ₹600 crore profit, 0.7% remaining stake), and Kotak Mahindra Bank (₹570 crore sale, ₹310 crore profit, 0.4% remaining stake). Axis Bank gained ₹250 crore from its sale, IDFC First Bank ₹230 crore, Federal Bank ₹190 crore, and Bandhan Bank ₹180 crore.
The transactions represent a significant windfall for these institutions, marking a successful divestment strategy following earlier restructuring efforts at Yes Bank. The deal solidifies SMBC’s presence in the Indian banking sector.
First Piper 