Sumitomo mitsui yes bank: YES Bank shares off highs

YES Bank shares off highs after rising on Japan's SMBC's talks with SBI for stake acquisition Sumitomo Mitsui may acquire up to 51 percent stake in YES Bank , allowing SBI and other rescuing banks ... Yes Bank is in the spotlight today as reports suggested that Japanese giant Sumitomo Mitsui Banking Corp. (SMBC) is inching closer to buying a stake in the private lender. YES Bank stake sale gain leads SBI Q2 PAT to rise 10% In September, SBI divested its 13.18% stake in Yes Bank to Sumitomo Mitsui Banking Corp (SMBC) for ₹8,889 crore In what could be the largest cross-border investment in the banking sector, Sumitomo Mitsui Banking Corporation (SMBC) of Japan has entered into an agreement to acquire 20 per cent stake in YES Bank through a secondary stake purchase valued at around Rs 13,483 crore. SMBC has agreed to purchase 13.