- Yes Bank stock jumped 9% in a single day!
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Japan’s Sumitomo Mitsui Banking Corp. (SMBC) grabbed a 20% stake.
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SMBC paid a cool ₹13,482 crore at ₹21.50/share.
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The deal is being called one of India’s biggest cross-border bank plays.
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From a 52-week low of ₹16.02, Yes Bank is now riding high at ₹21.74.
👉 Why this matters: This shows global investors still believe in India’s banking system. That’s a major vibe check for economic confidence.
🔗 Source: Business Today
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🖋️ Written and summarized by our editorial team using AI assistance and human review.
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