Last Updated:June 03, 2025, 10:05 IST
Yes Bank was the third-best performer on the Nifty 500 index on Tuesday, rallying over 8%; What investors should know
Yes Bank Share Price: Shares in focus after Sumitomo Mitsui acquires 20% stake.
Yes Bank Share Price: Shares of private sector lender Yes Bank plunged 7.4% to an intraday low of Rs 21.55 on Tuesday, following reports that around 3% of the bank’s equity changed hands in several block deals during early trading on the BSE.
According to CNBC TV-18, a private equity investor is believed to be the seller in the transaction, although details about the buyer, seller, and exact transaction specifics remain undisclosed.
Yes Bank’s stock is also in focus today, ahead of a scheduled board meeting where the private lender is expected to discuss various fundraising proposals.
Yes Bank was the third-best performer on the Nifty 500 index on Tuesday, rallying over 8% following media reports that Sumitomo Mitsui Banking Corporation (SMBC) is seeking approval from the Reserve Bank of India (RBI) to operate a wholly-owned subsidiary. The move was interpreted as a step toward acquiring a controlling stake in Yes Bank.
However, Yes Bank quickly issued a clarification in the early hours of Tuesday, stating it was not aware of any such discussions. “Further references to the bank having ‘road map’ discussions with the RBI are factually incorrect,” the lender added.
The board of Yes Bank is also scheduled to consider fundraising proposals, including the issuance of equity shares, debt securities, or any other instruments through permissible means such as private placement or preferential issue.
Just last month, Sumitomo had announced plans to acquire a 20% stake in Yes Bank from a consortium of lenders led by the State Bank of India (SBI). This group had rescued Yes Bank in 2020 from a severe liquidity crisis. The deal values Yes Bank at slightly above $8 billion.
Shares of Yes Bank ended 8% higher on Monday at Rs 23.22, with the stock surging nearly 30% in the past month.
Yes Bank Q4 Results
Yes Bank posted a strong set of numbers in its Q4FY25 results, reporting a net profit of Rs 738 crore, up 63.3% YoY, supported by reduced provisions and steady asset quality. Net interest income (NII) grew 5.7% to Rs 2,276 crore, while net interest margin (NIM) improved to 2.5%. Non-interest income rose by 10.9% to Rs 1,739 crore, and provisions dropped by 32.5% to Rs 318 crore. Advances increased 8.1% YoY to Rs 2.46 lakh crore, and deposits were up 6.8% at Rs 2.85 lakh crore. Asset quality showed improvement, with gross NPA stable at 1.6% and net NPA falling to 0.3%. The bank’s board also approved a fundraising plan, underscoring confidence in its growth strategy.
Yes Bank is a private sector bank in India that was founded in 2004 by Rana Kapoor and Ashok Kapur. It is headquartered in Mumbai and offers a wide range of banking and financial services, including corporate and retail banking, asset management, and wealth management.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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