SMBC in May had inked a deal to take a 20% stake in Yes Bank for $1.6 billion, making it the largest cross-border merger and acquisition deal in India's financial sector
Private sector lender Yes Bank on Tuesday said the Reserve Bank has approved the reappointment of former RBI Deputy Governor R Gandhi as non-executive chairman of the bank. The Reserve Bank of India (RBI), through its letter dated September 1, 2025, has approved the re-appointment of Rama Subramaniam Gandhi as part-time Chairman of the bank for a further period from September 20, 2025, to May 13, 2027, at a remuneration approved by the RBI, Yes Bank said in a regulatory filing. He served as the Deputy Governor of the Reserve Bank of India for three years from 2014 to 2017. He had been a seasoned and accomplished central banker for 37 years. Gandhi had a three-year secondment to the Securities and Exchange Board of India (SEBI), the capital market regulator. He also held the charge of Director of the Institute for Development and Research in Banking Technology, IDRBT, Hyderabad.
YES Bank shares snapped a two-day losing streak and currently trade at 3.5 times the average 30-day trading volume, according to Bloomberg
Sumitomo Mitsui's fresh ₹16,000 crore plan follows its earlier ₹13,500 crore deal for 20% in Yes Bank, with RBI nod for up to 24.99% ownership
YES Bank shares rose 5.4 per cent after RBI approved Japanese bank Sumitomo Mitsui Banking Corporation's acquisition of 24.99 per cent stake; experts see governance boost, operational synergies
Our commercial banking portfolio has grown well, says Prashant Kumar
The ED is currently examining over 50 companies and 25 individuals in connection to the alleged Yes Bank loan fraud case
YES Bank shares have been trading sideways after the bank reported a steady June quarter results. ICICI Securities, however, has upgraded the stock to 'Hold' on four key reasons.
YES Bank's share price rose today, buoyed by its strong financial performance in the June quarter of FY2026 (Q1FY26).
Here's a technical outlook on HDFC Bank, ICICI Bank, YES Bank, RBL Bank, Union Bank of India post Q1 results.
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While non-interest income grew 5.7 per cent, net interest margin (NIM), a key measure of a bank's profitability, remained steady in Q1FY26 at 2.5 per cent
Earlier this year, SMFG acquired a 20 per cent stake in YES Bank for approximately $1.6 billion