This fundraising initiative is linked to a share purchase agreement signed on May 9, 2025, between Yes Bank, Sumitomo Mitsui Banking Corporation (SMBC), and State Bank of India (SBI). As part of this deal, SBI and other lenders plan to sell a 20% stake in Yes Bank to SMBC for ₹13,483 Crores.
Yes Bank’s approval to raise ₹16,000 Crores is a step toward business expansion and strengthening its capital structure. With a mix of equity and debt raising, the bank aims to tap into both domestic and international markets. The changes to the Articles of Association and the involvement of SMBC and SBI signal potential shifts in the bank’s governance structure, further enhancing its prospects.