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SMBC takes 24.9% stake as Yes Bank strengthens ratings position

Yes Bank logoYes Bank
Sig3.40Sen+4.90Env0.00Soc0.00Gov+3.10

At its annual general meeting, Yes Bank said SMBC has become its largest shareholder with a 24.9% stake, strengthening its corporate banking capabilities, governance practices, and risk management, and enabling cross-border opportunities. The bank also cited multiple credit rating upgrades, including Moody’s Ba1 and an inaugural S&P BB+ rating, with domestic agencies rating it AA or higher.

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