Stake - Business Outrank

Yes Bank stock price increased by 10% to reach ₹20.05 after Sumitomo Mitsui Banking Corporation (SMBC) from Japan purchased a 13.19% stake from State Bank of India (SBI) which brought new optimism to the market. Market experts predict this strategic acquisition will propel Yes Bank from its current domestic status to become a global financial institution with better foreign capital access. The market experts consider SMBC's entry as transformative because it brings international governance standards and stronger risk management capabilities and growth capital opportunities. The rescue plan participants SBI and LIC along with others who participated in 2020 now seek to exit with profits. The technical indicators point to positive market trends. Yes Bank exceeded its swing resistance level at ₹18.45 while trading volumes exceeded 400% of the 50-day average. The bank experiences fresh momentum and investor interest which drives its price target to ₹21.50 and potential further growth to ₹23–₹24 if it stays above ₹20. The RSI indicator shows strong bullish strength as it reaches 62–65 levels. The partnership between Yes Bank and SMBC through the stake purchase from SBI and seven other institutions could establish a new direction for the bank. The stake transfer between SBI and seven other institutions to SMBC requires regulatory approval which could become a crucial point in Yes Bank's transformation.

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Browsing: Stake

Yes Bank Soars 10% as Japan’s SMBC Buys Stake from SBI, LIC: Is the Rally Just Beginning?

Maruti Suzuki Company expanded the SUV lineup with a new mid-size model Victoris.

JSW Cement incurred a loss of Rs 1,356 crore in the first quarter of FY 2026. This loss was due to extraordinary items.

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SBI hopes to raise $1 billion through 5-year dollar bonds

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