Yes Bank: 20% acquisition by Japan’s Sumitomo group to be completed by Q2FY26, says CEO
- Posted on May 12, 2025
- By Financial Express
- 3 Views
Yes Bank: 20% acquisition by Japan’s Sumitomo group to be completed by Q2FY26, says CEO
SMBC will buy a 20 per cent stake in Yes Bank. Prashant Kumar, MD & CEO, Yes Bank, told CNBC TV18 that there has been an overhang on the Bank thus far and there was a need for a strategic partner. He hoped that the entire transaction would be completed by Q2FY26.
