Japan’s SMBC is buying a 20% stake in India’s Yes Bank

Yes Bank is India’s sixth-largest private sector commercial bank in India.

Sumitomo Mitsui Financial Group (SMBC Group) is acquiring a 20% equity stake in Yes Bank, a private commercial bank in India, for $1.59b (INR134.8b or approximately JPY240b), according to an announcement.

With this, Yes Bank is expected to become an equity-method affiliate of SMBC Group and its main banking business Sumitomo Mitsui Banking Corporation (SMBC).

Yes Bank is the sixth-largest private sector commercial bank in India. It has over 1,200 branches.

The Japanese banking group expects the stake acquisition to accelerate its business in India.

SMBC currently has branches in Mumbai, Chennai, and Gift City. SMBC Group had established an India division in April 2025.

(US$1 = INR84.72; as of 13 May 2025, Google)

Follow the link s for more news on

Sumitomo Mitsui Banking Corporation

Yes Bank

Also Read

Indonesian banks reap benefits of IT investment: analyst

Malaysia’s development banks told to plug lending gap for MSMEs

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit