The share price of State Bank of India (SBI) jumped 3% in trade after a regulatory filing confirmed it has completed the sale of 13.19% stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for about Rs 8,888.97 crore.
The Executive Committee of the Central Board of SBI had approved the divestment of 41.34 crore equity shares of Yes Bank on May 9, 2025. The shares were sold at a price of Rs 21.50 per equity share to SMBC.
The transaction was subject to regulatory approvals. SMBC received the nod from the Reserve Bank of India on August 22, 2025, and the Competition Commission of India (CCI) on September 2. Following the clearances and fulfillment of other conditions, the transfer of shares was completed on September 17, 2025.
Rs 512.12 crore contribution to SBI’s profits
SBI said that the Yes Bank stake contributed Rs 512.12 crore to the group’s profit and loss account in the last financial year, accounting for 0.66% of overall profits. The Reserve & Surplus contribution was Rs 2,571.87 crore, or 0.53% of the total.
SMFG emerges as largest foreign shareholder
With this, SMFG becomes the largest foreign shareholder of Yes Bank with a 20% stake. However, SBI, which was previously the largest shareholder, still holds a 24% stake. Other banks collectively hold a 9.7% stake, foreign institutional investors (FIIs) own approximately 13%, and insurance companies hold about 4% of the stake.
Yes Bank’s diversified investor base includes prominent entities such as Verventa Holdings, CA Basque Investments, Life Insurance Corporation of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, and Axis Bank.