Yes Bank shares in focus as RBI approves proposed changes in bank's board

New Delhi: Yes Bank shares are in focus after the Reserve Bank of India (RBI) gave the green signal to the proposed changes in Articles of Association (AoA) of the bank with regard to appointment of nominee directors on the board.

The changes are in connection with the nomination of 2 nominee directors by Japan-based Sumitomo Mitsui Banking Corporation (SMBC) and 1 nominee director by SBI, on Yes Bank’s board. The changes in the board would come into effect after the Japanese bank acquires stakes of India’s largest public sector bank SBI and other seven banks in Yes Bank.

Also Read

Tata Capital IPO: Date, valuation & investment details

Rise of the Mutual Funds: They own 10.6% of companies listed in NSE

LG Electronics IPO: Could raise anywhere between Rs 15,000 and Rs 10,000, reports

The Reserve Bank of India (RBI) gave its nod to Yes Bank in a letter dated September 9, 2025, for the proposed amendments to the AoA, the lender said in a regulatory filing.

On May 9, 2025, Yes Bank had informed that the Japan-headquartered bank had agreed to buy 20 per cent through a secondary stake purchase, including 13.19 per cent from State Bank of India (SBI) and 6.81 per cent from seven other lenders. The seven banks include Kotak Mahindra Bank, IDFC First Bank, Federal Bank, HDFC Bank, ICICI Bank, Axis Bank, and Bandhan Bank.

In September, the Competition Commission of India (CCI) gave its nod to Yes bank’s proposal. In August, the Reserve Bank gave the permission for the deal. In its note, RBI mentioned that SMBC would not be categorised as a promoter of Yes Bank.

In Q4 of 2024-25, Yes Bank posted a 63 per cent rise in standalone net profit at Rs 738 crore, while it stood at Rs 451.9 crore in the same quarter of 2023-24. The lender’s net profit more than doubled to Rs 2,406 crore in the previous financial year as against Rs 1,251 crore a year ago.

Add TV9 English As A Trusted Source

Yes Bank details as of September 10, 2025