Question
As per RBI’s approval (letter dated 22 August 2025),
what is the maximum percentage of stake that SMBC can acquire in Yes Bank?Solution
The Reserve Bank of India, through its letter dated 22 August 2025, gave its approval to Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% stake in Yes Bank. The approval is valid for one year. This specific figure of 24.99% is critical because under RBI norms, holding 25% or more could potentially classify the investor as a promoter or trigger additional regulatory requirements. By capping it at just below 25%, RBI ensures SMBC remains a significant investor without being categorized as a promoter.
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