Yes Bank Stake Sale | Here is how much SBI, other lenders will gain from the SMBC deal
Published on 12/05/2025 08:42 AM
Lenders from SBI to HDFC Bank will gain between ₹330 crore to as high as ₹9,000 crore from selling their respective stake in Yes Bank to SMBC. Yes Bank Ltd will be in focus on Monday, May 12, after Japanese financial institution Sumitomo Mitsui Banking Corporation (SMBC) announced that it will acquire a 20% stake in the lender from an SBI-led consortium. While SBI will be selling 13.2% stake out of the 24% that it owns, other lenders, including ICICI Bank, HDFC Bank, Axis Bank, will also be receiving gains from selling their stake. Here is a look at these banks, based on a report by IIFL Research.SBI | SBI sold 13.2% of its stake in Yes Bank to SMBC out of the 24% stake that it currently owns. It will fetch close to ₹9,000 crore from this stake sale, resulting in a gain of ₹4,760 crore, according to IIFL Research. India's largest lender now has 10.8% stake left in Yes Bank.HDFC Bank | HDFC Bank sold 1.9% stake in Yes Bank to SMBC, for a total consideration of ₹1,300 crore. IIFL Research estimates a gain of ₹690 crore for India's largest private lender post this transaction. It will be left with 0.8% stake in Yes Bank post this deal.ICICI Bank | ICICI Bank sold 1.7% stake in Yes Bank for a total consideration of ₹1,130 crore, which will result in a gain of ₹600 crore for the lender. It will now be left with a 0.7% stake in Yes Bank.Kotak Mahindra Bank | Kotak Mahindra Bank sold 0.8% stake in Yes Bank for a total consideration of ₹570 crore, which resulted in a gain of ₹310 crore for the lender. They will now be left with 0.4% stake in the bank.Axis Bank | Axis Bank sold 0.7% stake in Yes Bank for a total consideration of ₹470 crore. This resulted in a gain of ₹250 crore for the bank once the transaction is complete. The lender will now be left with 0.3% stake in bank.IDFC First Bank | IDFC First Bank sold 0.6% stake in Yes Bank to SMBC and now remains with 0.3%. It will gain ₹230 crore from the stake sale after selling shares for a total consideration of ₹430 crore.Federal Bank | The lender sold 0.5% in Yes Bank for ₹360 crore. It holds 0.2% in Yes Bank. Federal Bank is set to gain ₹190 crore from the stake sale.Bandhan Bank | Bandhan Bank too sold 0.5% stake in Yes Bank to SMBC and remains 0.2%. It will gain ₹180 crore from the deal after selling stake for a total consideration of ₹330 crore. (Source: IIFL)NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.