Sumitomo Mitsui Banking Corporation has sold its entire 1.65% equity stake in Kotak Mahindra Bank in a disposal made ahead of the completion of its acquisition of a stake in Yes Bank. The transaction was executed through block deals worth about Rs 6,256 crore on 10 September 2025.
Kotak Mahindra Bank was founded by Uday Kotak.
SMBC'S YES BANK INVESTMENT
Yes Bank was restructured following the Reserve Bank of India's intervention in March 2020, when the regulator suspended the bank's management and co-ordinated a capital injection led by State Bank of India and a consortium of domestic financial institutions.