Yes Bank shares jump over 3%: Here is why the stock is rallying today

Japan’s second-largest bank had previously made an investment of ₹13,483 crore two months back in May.

The Japanese bank may also buy about $680 million in convertible bonds issued by Yes Bank to help boost growth, the people said.

In May 2025, eight banks sold 20% of their combined stakes in Yes Bank to Japan's Sumitomo Mitsui Banking Corporation for a consideration of ₹13,483 crore, making it the largest cross-border investment in the Indian banking sector.

Following the completion of the transaction, SMBC became the single largest shareholder of the Mumbai-based lender.

Of the 20% stake, SBI diluted a 13.19% stake in Yes Bank in favour of SMBC for a consideration of ₹8,889 crore, while a 6.81% shareholding was offloaded by seven other lenders—Axis Bank, Bandhan Bank, Federal Bank, HDFC Bank, ICICI Bank, IDFC First Bank, and Kotak Mahindra Bank—for about ₹4,594 crore.

Last seen, shares of Yes Bank were trading at ₹20.49 apiece on the National Stock Exchange, rising 2.5%.

The private lender had reported a net profit of ₹738 crore in the quarter ended March 2025, marking an increase of 63% from ₹452 crore in the same period last year. The sharp jump in net profit came on the back of lower provisioning.

The bank's provisions for bad loans declined to ₹318 crore as against ₹471 crore in the year-ago period.

Its net interest income, or the difference between interest earned on loans and expended on deposits, came in at ₹2,276.36 crore, up nearly 6% from ₹2,153 crore in the corresponding period last year.