Yes Bank shares jump nearly 5% after Sumitomo Mitsui Banking received RBI approval; check details

Yes Bank shares were in the spotlight today, rising nearly 5% to a day high of ₹20.20 apiece on NSE. The private lender stocks saw traction after Japan-based Sumitomo Mitsui Banking Corporation (SMBC) received Reserve Bank of India (RBI) approval to acquire up to 24.99% of the paid-up share capital of the bank.

As per the RBI, this approval is valid for one year from the date of this letter. RBI has further clarified that pursuant to the said acquisition, SMBC would not be treated as a promoter of the Bank.

Earlier in May 2025, Yes Bank informed stock exchange about proposed acquisition by Sumitomo Mitsui Banking Corporation of 20% shareholding in the Bank through a secondary stake purchase of 13.19% stake from the State Bank of India (SBI) and an aggregate of 6.81% stake from seven other shareholders, including Axis Bank Limited, Bandhan Bank Limited, Federal Bank Limited, HDFC Bank Limited, ICICI Bank Limited, IDFC First Bank Limited and Kotak Mahindra Bank Limited.

Yes Bank also informed the exchange that the acquisition move is still subject to approval from India's antitrust regulator, the Competition Commission of India (CCI).

Yes Bank Q1 results

Yes Bank reported a 59% YoY surge in standalone net profit to ₹801 crore in the June quarter of FY26, while profit rose by 8% on a sequential basis. Net interest income stood at ₹2,371 crore, up 5.7% YoY, while net interest margin (NIM) was recorded at 2.5%, showing a year-on-year increase, aided by a reduction in deposits due to PSL shortfall.

The quality of assets remained constant, with gross non-performing assets (GNPA) at 1.6% and net NPA standing at 0.3%. The provision coverage ratio (PCR) saw an increase to 80.2%.

So far this month, Yes Bank shares have gained over 4%, while on a year-to-date basis the stock is trading flat.