Yes Bank Share Price Falls 10% Amid SMBC Stake Acquisition Rumours — Bank Issues Clarification

Yes Bank Share


Yes Bank shares took a sharp hit on Tuesday, ending the day down 10.40% at ₹20.85 on the BSE. The stock touched an intraday low of ₹20.77, compared to a previous close of ₹23.28.

What Triggered the Decline?

The sharp fall came after media reports suggested that Sumitomo Mitsui Banking Corporation (SMBC) may be planning to acquire a controlling stake in Yes Bank. The report also claimed that SMBC is seeking RBI approval to launch a wholly owned banking arm in India, which was interpreted as part of a larger acquisition strategy involving Yes Bank.

Yes Bank Responds

In response, Yes Bank issued an official clarification stating that:

“The Bank is not privy to any discussions related to the matters mentioned in the report. Further, any references to a ‘road map’ discussion with the RBI are factually incorrect.”

Board Meeting on Fundraising

Separately, Yes Bank’s board met today to consider fundraising plans, although no further details have been disclosed yet.

Market Snapshot

  • Closing Price (BSE): ₹20.85

  • Intraday High: ₹22.93

  • Intraday Low: ₹20.77

  • Market Cap: ₹65,261.90 crore

  • NSE Price (2:05 PM): ₹21.02 (down 9.71%)

Broader Market Update

On a broader note, both major indices ended lower today:

  • Sensex: Down 636.24 pts (0.78%) to 80,737.51

  • Nifty 50: Down 174.10 pts (0.70%) to 24,542.50

Market breadth was negative, with 2,208 stocks declining on the BSE against 1,753 advancing, while 153 remained unchanged.
Notably, 34 stocks hit 52-week lows, while 105 reached 52-week highs.