Yes Bank Rises on CCI Nod for SMBC Stake Buy

Yes Bank shares gained 4% to ₹20.35 after CCI approved Sumitomo Mitsui Banking Corporation’s plan to acquire up to 24.99% stake. Earlier cleared by RBI, the deal makes SMBC the bank’s largest shareholder. Separately, RBI reappointed Rama Subramaniam Gandhi as Yes Bank’s part-time Chairman till May 2027.