The capital raise will be split into Rs 7,500 crore via equity and Rs 8,500 crore through debt instruments. Both components will be issued in tranches and across domestic and international markets. The equity issuance will not exceed 10% dilution, factoring in any convertible debt as well.
To support the definitive agreement signed with Sumitomo Mitsui Banking Corporation (SMBC) on 9 May 2025, the board also cleared amendments to the Articles of Association.
On 9 May 2025, SMBC signed a definitive agreement to buy a 20% stake in Yes Bank via secondary market transactions: 13.19% from SBI and 6.81% from a consortium of investor banks that includes Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, and Kotak Mahindra Bank.
SMBC, the banking arm of Sumitomo Mitsui Financial Group, is a major global financial player with a strong presence across Asia.
As of March 2025, SBI holds the largest stake in Yes Bank at 23.97%, followed by smaller stakes from HDFC Bank (2.75%), ICICI Bank (2.39%), Kotak Mahindra Bank (1.21%), Axis (1.01%), IDFC First Bank (0.92%), Federal Bank (0.76%), and Bandhan Bank (0.70%). Post SMBC deal, SBI's shareholding will reduce to 10.78%. SBI and the investor banks stepped in to rescue Yes Bank under a government-backed reconstruction plan in March 2020.
Yes Bank, a full-service commercial bank headquartered in Mumbai, offers a wide array of products, services, and digital solutions, catering to retail, MSME, and corporate clients.
In Q4 FY25, Yes Bank reported a 63.34% jump in standalone net profit to Rs 738.12 crore, while total income rose 3.76% YoY to Rs 9,355.39 crore.