---
title: "SMBC to buy further 4.2% of Yes Bank from Carlyle affiliate"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/257704626.md"
description: "Sumitomo Mitsui Banking Corporation (SMBC) has agreed to purchase an additional 4.2% stake in Yes Bank from a Carlyle Group affiliate for 51 billion yen ($349 million). This follows the completion of its initial 20% stake acquisition announced in May. SMBC received approval from India's central bank to acquire up to 24.99% of Yes Bank. Additionally, State Bank of India disclosed it received $1 billion from selling its 13.19% stake in Yes Bank to SMBC. SMBC also divested its 1.65% stake in Kotak Mahindra Bank to rebalance its investment portfolio."
datetime: "2025-09-17T09:59:37.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/257704626.md)
  - [en](https://longbridge.com/en/news/257704626.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/257704626.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/257704626.md) | [繁體中文](https://longbridge.com/zh-HK/news/257704626.md)


# SMBC to buy further 4.2% of Yes Bank from Carlyle affiliate

TOKYO (Reuters) - The banking arm of Sumitomo Mitsui Financial Group has agreed to buy an additional 4.2% stake in India's Yes Bank from an affiliate of Carlyle Group for 51 billion yen ($349 million), it said on Wednesday.

Sumitomo Mitsui Banking Corporation, Japan's second-largest lender by assets, also said it had now completed its acquisition of an initial 20% stake in the Mumbai-based bank, in a deal first announced in May.

SMBC had received approval from India's central bank to buy up to 24.99% of Yes Bank in August, and India's competition regulator approved the purchase earlier this month.

State Bank of India, in a separate disclosure, said it has received 88.89 billion rupees ($1 billion) from the completion of the sale of its 13.19% stake in Yes Bank to SMBC.

SMBC also sold its entire 1.65% stake in Indian private-sector commercial bank Kotak Mahindra Bank as of September 10 in order to "rebalance its strategic investment portfolio," it said.

SMBC had acquired part of its initial 20% stake in Yes Bank from Kotak Mahindra Bank.

($1 = 146.2800 yen)

($1 = 87.8340 Indian rupees)

(Reporting by Anton Bridge; Editing by Mark Potter and Joe Bavier)

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