SBI Aims to Sell Its 24% Stake in Yes Bank by March
SBI Sets Timeline for Yes Bank Stake Sale
State Bank of India (SBI) is poised to sell its 24% stake in Yes Bank, valued at approximately Rs 18,420 crore (around $2.2 billion), by the end of March. This decision places SBI at a crossroads, as it evaluates its investment strategies in a competitive banking environment.
Interest from Major Players
- Sumitomo Mitsui
- Emirates NBD
Both Sumitomo Mitsui and Emirates NBD have expressed intent in acquiring a majority stake, showcasing strong interest in Yes Bank's operational potential. As these institutions vie for control, the implications of this sale could reshape the competitive landscape in India's banking sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.