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
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The RBI has approved Japanese lender Sumitomo Mitsui Banking Corporation to acquire up to 24.99 per cent stake in Yes Bank; the approval is valid for one year and SMBC will not be a promoter
According to the documents reviewed by Reuters, the investment was made in exchange for loans from Yes Bank to other group companies
Enforcement Directorate (ED) summons Reliance Group Chairman Anil Ambani over alleged ₹10,000 cr loan fraud; probe reveals fund diversion, shell firms, Yes Bank link
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.
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YES Bank's share price rose today, buoyed by its strong financial performance in the June quarter of FY2026 (Q1FY26).
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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
Reliance Infrastructure on Monday said its wholly-owned subsidiary JR Toll Road Private (JRTR) has paid the entire debt settlement amount of Rs 273 crore to Yes Bank Ltd (YBL). Reliance Infrastructure in a regulatory filing said the agreement has also resulted in full settlement/discharge of the company's obligation as a guarantor for the said loan on behalf of JRTR. YBL does not hold any shares in the Company and is neither a related party nor part of the promoter group, it added. " ...we hereby inform that JR Toll Road Private Limited (JRTR), a wholly owned subsidiary of the Company has entered into an addendum to the settlement agreement today with Yes Bank Limited (YBL) for the entire outstanding debt obligation of Rs 273 crore (including interest) owed by JRTR to YBL, and has duly paid the entire settlement amount," Reliance Infrastructure said.
Yes Bank classified the ₹273-crore loan to JRTR as an NPA after prolonged losses, which impaired timely repayments