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Yes Bank dismisses stake acquisition rumours, calls media report speculative

06-May-25   17:39 Hrs IST
The clarification came in response to news articles that prompted a regulatory query from stock exchanges seeking clarity on the matter.

In its statement to the exchanges, Yes Bank emphasized that while the institution remains on a growth path and routinely explores strategic opportunities with various stakeholders. However, such discussions are preliminary and do not warrant a disclosure.

The information pertaining to these discussions as set out in the article is speculative at this time and are not factually correct, the bank stated.

Earlier the media reported that SMBC received approval from the Reserve Bank of India (RBI) to acquire up to a 51% stake in Yes Bank.

As per the shareholding pattern for the March 2024 quarter, State Bank of India (SBI) held a 23.97% stake in Yes Bank. Other key institutional shareholders included HDFC Bank (2.75%), ICICI Bank (2.39%), Kotak Mahindra Bank (1.21%), Axis Bank (1.01%), and LIC (3.98%).

Yes Bank was restructured in 2020 with support from a consortium of Indian banks led by SBI, after the RBI superseded the bank's board amid concerns about governance and liquidity. The intervention followed the RBI's denial of an extension for then-CEO and founder Rana Kapoor. Since Kapoor's exit in 2019, Yes Bank has operated without a promoter.

Yes Bank, a full-service commercial bank headquartered in Mumbai, offers a wide array of products, services, and digital solutions, catering to retail, MSME, and corporate clients.

Yes Bank reported 63.34% surge in standalone net profit to Rs 738.12 crore in Q4 FY25 as against Rs 451.89 crore in Q4 FY24. Total income rose 3.76% YoY to Rs 9,355.39 crore in the quarter ended 31 March 2025. Net Interest Income (NII) for Q4 FY25 stood at Rs 2,276 crore, registering a year-on-year (YoY) growth of 5.71%. Meanwhile, the net interest margin (NIM) improved to 2.5% in Q4 FY25, compared to 2.4% reported in the same quarter last year.

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