Yes Bank Share: Another big news has come regarding Yes Bank

News Topical, Digital Desk : Japan's top financial services company Sumitomo Mitsui Financial Group (SMFG) has further strengthened its stake in India's largest private sector bank Yes Bank. According to a report by news agency Bloomberg, Japan's leading financial company Sumitomo Mitsui Financial Group (SMFG) has further increased its stake in India's Yes Bank. The company has agreed to buy an additional 4.2% stake from private equity giant Carlyle Group for approximately 51 billion yen (approximately ₹2,800 crore). After this deal, SMFG's stake in Yes Bank will increase to 24.2%. This move reflects the growing interest of foreign investors in the Indian banking sector.

In Yes Bank - Japan's leading financial services company, Sumitomo Mitsui Financial Group (SMFG), has further strengthened its stake in Yes Bank, a major private sector bank in India.

Deal details: SMFG has agreed to acquire a 4.2% stake from Carlyle Group. The transaction is valued at approximately 51 billion yen (approximately ₹2,800 crore). Following this deal, SMFG's total stake in Yes Bank will increase to 24.2%.

Why this deal is significant: SMFG is already a strategic partner in Yes Bank. The increased stake will help strengthen the bank's debt and balance sheet. It will boost foreign investor confidence. Yes Bank will benefit from its international network and technology.

Movement in the banking sector - In the past few years, Yes Bank has taken several steps to overcome its bad loans and crisis. The increasing interest from major foreign investors indicates that the bank's fundamentals are gradually improving.