YESBANK

The closure of the proposed stake acquisition by Sumitomo Mitsui Banking Corporation (SMBC) and other investors is likely by September 2025, according to Yes Bank’s MD & CEO Prashant Kumar.“SMBC has already made applications to both the RBI and the Competition Commission of India,” Kumar confirmed during the Q1 FY26 earnings call. “We are hopeful that the deal will be able to conclude, say, in the month of September.” The transaction, expected to take SMBC’s holding to 20 percent. Kumar, however, declined to comment on specifics related to SMBC’s regulatory submissions, indicating those questions are best addressed to SMBC. The bank reported its seventh consecutive quarter of profit expansion, with net profit rising 59.4 percent year-on-year to Rs 801 crore. While this was Yes Bank’s best quarterly performance since its reconstruction, Kumar emphasised that the growth was driven by a tightly managed expense line rather than aggressive top-line expansion. “Much of the bottom-line accretion has come from squeezing the opex part,” he said, hinting that there’s limited room left for similar cost gains in future quarters.